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Updated about 6 years ago on . Most recent reply

Eric Gunderson's profile image
Eric Gunderson's profile image
Eric Gunderson
  • Real Estate Broker
  • from Saint Paul, MN
  • Member since Aug 23, 2013
  • Posts 21
  • Votes 18
  • Experience 9 Yrs
  • Investments 8
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21
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Eric Gunderson's profile image
Eric Gunderson's profile image
Eric Gunderson
  • Real Estate Broker
  • from Saint Paul, MN
  • Member since Aug 23, 2013
  • Posts 21
  • Votes 18
  • Experience 9 Yrs
  • Investments 8
Connect
Eric Gunderson
  • Real Estate Broker
  • Saint Paul, MN
18
Votes |
21
Posts
1031 Exchanges

1031 for Development on Vacant Land I Own?

Eric Gunderson
  • Real Estate Broker
  • Saint Paul, MN
Posted

I purchased a single family home on .75 acres in the city of St Paul, MN. I have since split the lot in half, leaving plenty of space to develop a multi-family building, probably 8-12 units. I'm wondering if it is possible to 1031 exchange a different property of mine to fund construction efforts on my vacant land. Does anyone have advice on this matter? Thanks in advance, BP community!

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Nik Moushon's profile image
Nik Moushon's profile image
Nik Moushon
  • Architect
  • from Wenatchee, WA
  • Member since Jun 6, 2018
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Nik Moushon's profile image
Nik Moushon's profile image
Nik Moushon
  • Architect
  • from Wenatchee, WA
  • Member since Jun 6, 2018
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Nik Moushon
  • Architect
  • Wenatchee, WA
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840
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Nik Moushon
  • Architect
  • Wenatchee, WA
Replied

You cannot 1031 anything back to yourself.

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