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Updated almost 8 years ago on . Most recent reply presented by

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20
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3
Votes
Colleen Carnahan
  • Phoenix, AZ
3
Votes |
20
Posts

Mulitple sales into one purchase?

Colleen Carnahan
  • Phoenix, AZ
Posted

Newer investor here! I understand that once you sell a property and put the profits into a 1031 Exchange, you have 45 days to identify the property you're going to put the money towards and 6 months to complete the exchange. I am wondering if it is possible to add additional capital to an existing exchange in that time frame. So for example.

I have a property in mind that requires a 60k down payment. I have two flips that are on the market to sell. The first sells right away with 30k profit, so I enter it into a 1031 exchange. The second sells a few weeks later (still w/in the 45 day range) for another 30k, can I combine the second profit into the same exchange, or can I do multiple exchanges into the same property, so that I can use the profits from both flips to get into the property I want to purchase?

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