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Updated about 6 years ago on . Most recent reply

Patrik Kusek's profile image
Patrik Kusek's profile image
Patrik Kusek
Pro Member
  • Flipper/Rehabber
  • from Fairfield, CA
  • Member since Jan 4, 2016
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Patrik Kusek's profile image
Patrik Kusek's profile image
Patrik Kusek
Pro Member
  • Flipper/Rehabber
  • from Fairfield, CA
  • Member since Jan 4, 2016
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Patrik Kusek
Pro Member
  • Flipper/Rehabber
  • Fairfield, CA
19
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43
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1031 Exchanges

Selling After a 1031x -

Patrik Kusek
Pro Member
  • Flipper/Rehabber
  • Fairfield, CA
Posted

I have multiple properties that I have purchased using 1031. Even though I'm not yet completed with the transaction I am looking to the future. I would like, in a year or so, to sell and do another 1031x. Can I use the sale of one property to pay down another property that I currently own?

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    Wayne Brooks's profile image
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    Wayne Brooks
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    Wayne Brooks's profile image
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    Wayne Brooks
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    Wayne Brooks#1 Foreclosures Contributor
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    Wayne Brooks#1 Foreclosures Contributor
    • Real Estate Professional
    • West Palm Beach, FL
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    Not if you want to 1031....you have to Buy another property, not use the proceeds for Anything else.

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