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Updated over 3 years ago,

Bruce Lynn's profile image
Bruce Lynn's profile image
Bruce Lynn
  • #2 Real Estate Agent Contributor
  • Real Estate Broker
  • from Coppell, TX
  • Member since Feb 1, 2011
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Bruce Lynn's profile image
Bruce Lynn's profile image
Bruce Lynn
  • #2 Real Estate Agent Contributor
  • Real Estate Broker
  • from Coppell, TX
  • Member since Feb 1, 2011
Connect
Bruce Lynn#2 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
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1031 Exchanges

1031 and rennovations

Bruce Lynn#2 Real Estate Agent Contributor
  • Real Estate Broker
  • Coppell, TX
Posted

From what I understand the buyer cannot use 1031 exchange money to pay for renovations...but not sure that is correct.

Would it work to get an estimate, raise the price of the house by the estimate and have the title company cut a check to the contract from the seller proceeds, but have the work done, post closing?

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