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Updated almost 4 years ago,

Angelica Rivera's profile image
Angelica Rivera's profile image
Angelica Rivera
  • Rental Property Investor
  • from Hickory, NC
  • Member since Jun 15, 2019
Connect

User Stats

12
Posts
3
Votes
Angelica Rivera's profile image
Angelica Rivera's profile image
Angelica Rivera
  • Rental Property Investor
  • from Hickory, NC
  • Member since Jun 15, 2019
Connect
Angelica Rivera
  • Rental Property Investor
  • Hickory, NC
3
Votes |
12
Posts
1031 Exchanges

1031 exchange (NC Sale to FL Investment)

Angelica Rivera
  • Rental Property Investor
  • Hickory, NC
Posted

Hi BB Blog!

I have a single family 2bd/1ba home (built 1940) that's been eating more money than it can make. I've put it on the market for 65K and was advised to do a 1031 exchange. I want to use this money to invest in a Merchant Cash Advancement that has a solid return on investment. Can I do a 1031 exchange from property sale to invest in a company? I've been looking online for info but haven't found info on this. All I keep seeing is a property to property 1031 exchange. 

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