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Updated about 5 years ago,

User Stats

12
Posts
2
Votes
Tom Manna
  • Rental Property Investor
2
Votes |
12
Posts

Buy and hold turns to flip 1031??

Tom Manna
  • Rental Property Investor
Posted

Hey BP!

I bought a 3 family march 2019 and have been rehabbing since, vacant since day 1.

My plan was to BRRRR it and keep it forever. Now I'm nearing the end of the project my agent suggested I sell them as condos, which I'm now going to do.

Can I 1031 this into something else? I know if it was a fix and flip 1031 doesn’t apply but I didnt decide to sell it until the end of the project.

Thanks for any info!!

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