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Updated over 6 years ago on . Most recent reply
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1031 Exchange - Pulling My Money out afterwards
Hi guys,
If i do a 1031 exchange, how do I have to wait to pull out my money through a home equity loan? Are there other possibilities that I should be looking into?
Thanks in advance.
-Scott
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Dave Foster
#1 1031 Exchanges Contributor
Tax & Financial Services
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@Scott DeFries, Once you complete your exchange you can indebt it as you will. At that point you are simply accessing equity through a debt instrument which is not a taxable event.
- Dave Foster
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