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Updated over 7 years ago,
1031 exchange within 3 months
Hi everybody,
About 6 weeks ago I bought a 3 unit building in Cincinnati for which I paid in full. No financing.
Next week I am about to close on a sale of 4 unit building which I own already few years.
I want to use the 1031 exchange for this sale.
My question: Since it is such a short time from purchase, is it possible to apply the 1031 exchange to the purchase of the 3 units?
I'll appericiate any advice on this matter.
Thanks
P.S. And by the way, I love this web site. I learn a lot from it!!