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Updated over 6 years ago,

User Stats

79
Posts
57
Votes
Jeremy Woods
  • Rental Property Investor
  • Windsor, CO
57
Votes |
79
Posts

1031 Company that allows for rehab cost

Jeremy Woods
  • Rental Property Investor
  • Windsor, CO
Posted
I asked my normal 1031 company and they said it’s doable but expensive so my question to everyone is...I’m looking at selling a property and ending up with let’s say 80k cash, the next property that I’m am looking to purchase will only 50k down but about 30k in rehab. Does anyone have or know of a company that doesn’t charge an arm and a leg that can do a 1031 that will allow for rehab cost? My company was saying that for them this type of 1031 starts at 5k and goes up from there, if I was just going to take the tax hit I’m looking at 6,500 in CG tax.