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Updated about 4 years ago on . Most recent reply

Al Skerrett's profile image
Al Skerrett's profile image
Al Skerrett
  • Member since Aug 31, 2020
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Al Skerrett's profile image
Al Skerrett's profile image
Al Skerrett
  • Member since Aug 31, 2020
Connect
Al Skerrett
5
Votes |
10
Posts
1031 Exchanges

Can you do a 1031 Exchange for an auction property?

Al Skerrett
Posted

Can you do a 1031 Exchange for an auction property? Has anyone done a 1031 exchange at a foreclosure auction or any other type of auction? In most counties in my area you have until 5pm the day of the sale to pay for the property so I wasn't sure how that would work. Any info is appreciated...

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Al Skerrett's profile image
Al Skerrett's profile image
Al Skerrett
  • Member since Aug 31, 2020
Connect

User Stats

10
Posts
5
Votes
Al Skerrett's profile image
Al Skerrett's profile image
Al Skerrett
  • Member since Aug 31, 2020
Connect
Al Skerrett
5
Votes |
10
Posts
Al Skerrett
Replied

Thank you both for the insight! Seems like it would be best to try a straight forward exchange first to get my feet wet then experiment with the tricky deals later...

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