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Updated almost 4 years ago,

User Stats

21
Posts
5
Votes
Mario Martinez
  • Investor
  • Middletown, NY
5
Votes |
21
Posts

1031 exchange question

Mario Martinez
  • Investor
  • Middletown, NY
Posted

Good day Bigger Pockets family!

I want to take advantage of this booming market and put one property up for sale. Since I have owned home for less than two years I want to avoid hefty tax bill and sell with 1031 exhange. I have a couple questions, I know properties have to be like kind and exceed my selling number but can it be a few fixer uppers? also can new property be in a different state from where I am going to currently sell. Any other advise on 1031 will be immensely appreciated.

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