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Updated almost 6 years ago on . Most recent reply

David Willis's profile image
David Willis's profile image
David Willis
  • Contractor
  • from Dairsie
  • Member since Oct 31, 2018
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David Willis's profile image
David Willis's profile image
David Willis
  • Contractor
  • from Dairsie
  • Member since Oct 31, 2018
Connect
David Willis
  • Contractor
  • Dairsie
0
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1031 Exchanges

Is it possible to use 1031 for new construction home builder?

David Willis
  • Contractor
  • Dairsie
Posted
I recently sold my first new home construction in a local subdivision. I work a full time job but have an LLC on the side for building new homes. Most of the work is done by contractors.. Is it possible to use the 1031 for new home build and sell? I plan to do 2 or 3 homes per year at this point.. Profit should be around 30k each. If not, any other better suggestion is appreciated!!
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