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1031 Exchanges
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Updated about 4 years ago on . Most recent reply presented by

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Matt Westphal
  • Rental Property Investor
  • Las Vegas, NV
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1031 exchange and Brrrr.

Matt Westphal
  • Rental Property Investor
  • Las Vegas, NV
Posted

If I sell an investment property and put the equity into a 1031 exchange can I use that to pay cash for a house and brrrr?

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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
Replied

@Matt Westphal

Makes sense. Then your choices are... Sell both and buy  1 x $500k property, sell both and buy 2 x $250k properties, or exchange 1 for 1 x $250k property and sell the other one outright and pay taxes on it. 

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