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Updated almost 6 years ago on . Most recent reply

Andrew Yu's profile image
Andrew Yu's profile image
Andrew Yu
  • Investor
  • from Little Rock, AR
  • Member since Jan 5, 2016
Connect

User Stats

120
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37
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Andrew Yu's profile image
Andrew Yu's profile image
Andrew Yu
  • Investor
  • from Little Rock, AR
  • Member since Jan 5, 2016
Connect
Andrew Yu
  • Investor
  • Little Rock, AR
37
Votes |
120
Posts
1031 Exchanges

Can I do 1031 Exchanges This Way?

Andrew Yu
  • Investor
  • Little Rock, AR
Posted

I sold a house with 10 acres of land in Feb this year, and made some profit. 

Right now I'm selling duplex of mine, expecting to close within 1 month, should make a profit as well. 

I just acquired a SFH and plan to start remodel it within a week.

My question is can I use the 2 profits I made and use 1031 Exchange for this new SFH's purchase & improvement?

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