Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
1031 Exchanges
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

5
Posts
3
Votes
Dale Going
  • Rental Property Investor
  • Toms River, NJ
3
Votes |
5
Posts

1031 Exchange question

Dale Going
  • Rental Property Investor
  • Toms River, NJ
Posted

Hi,

New here, and have a question. . . I own two condos (10+ years and used as vacation rentals) in FL with my ex-husband. We no longer want to be partners. One is currently for sale and under contract with closing early January. I'm thinking of buying him out of the other condo we jointly own. I'm wondering if it's possible/legal to use the cash from the one condo sale and do a 1031 exchange to purchase/buy him out of his half of the remaining condo. Both condos are owned personally and not by an LLC.

Thank you in advance,

Dale

  • Dale Going
  • Most Popular Reply

    User Stats

    5
    Posts
    3
    Votes
    Dale Going
    • Rental Property Investor
    • Toms River, NJ
    3
    Votes |
    5
    Posts
    Dale Going
    • Rental Property Investor
    • Toms River, NJ
    Replied

    Thank you @Dave Foster and @Bill Exeter. I appreciate your quick and knowledgeable responses.

  • Dale Going
  • Loading replies...