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Updated over 7 years ago,

User Stats

52
Posts
11
Votes
Ben A
  • Investor
  • San Diego, CA
11
Votes |
52
Posts

1031 Exchange questions

Ben A
  • Investor
  • San Diego, CA
Posted

I'm planning to sell a single family rental (5 yrs now) in CA and do 1031 exchange.

- At what point do I need to make the election to do 1031 exchange? How much time prior to sell?

- As I understand, part of the sale proceeds can also be used to rehab the exchange. Is this correct?  Is there a particular ratio of rehab money to total gain?

- Does the 180 days period still hold?  Is it 180 days from close of sale to close of new purchase, or to execution of new purchase?  What about the rehab time?

Thanks for any clarifications.

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