Refinancing of a newly closed 1031 exhange propery transaction

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Refinancing of a newly closed 1031 exhange propery transaction

Darius Moezinia
Wholesaler · Beverly Hills, CA · Member since 2016 · 14 posts · 0 votes

Can you refi, right after close of transaction on a 1031 exchange to pull money out for other investments or use? or do you suggest a grace period?

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  • Dave FosterBusiness Member
    Qualified Intermediary for 1031 Exchanges · St. Petersburg, FL · Member since 2013 · 9k+ posts · 9k+ votes
    10y

    @Darius Moezinia Refinance right after the completion of a 1031 is perfectly acceptable and is a frequently used strategy when cash is desired by the exchangor who does not want to create a taxable boot situation by taking cash or be seen as inappropriately accessing profit by a refinance immediately before a sale that begins a 1031.

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