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Updated almost 4 years ago,

Blake Johnson's profile image
Blake Johnson's profile image
Blake Johnson
  • from Conway, Arkansas
  • Member since Feb 4, 2018
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22
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Blake Johnson's profile image
Blake Johnson's profile image
Blake Johnson
  • from Conway, Arkansas
  • Member since Feb 4, 2018
Connect
Blake Johnson
  • Conway, AR
6
Votes |
22
Posts
1031 Exchanges

1031 Exchange question

Blake Johnson
  • Conway, AR
Posted

I would like to sell a property we own for $175k and use the proceeds in a 1031 to buy a lot with an abandoned house, tear it down, and build two duplexes values at 375k together. Is this possible to do within a traditional 1031? Also, If the lot was purchased before close of other property, could you “reverse 1031” into it? 

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