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Updated about 8 years ago,
New Real Estate Investor Needing HELP! Thank you All in advance!!
I am selling my house in a few weeks for less than i bought it for (which is fine due to the market).
I have found a commercial property I want to use the money for. How can I use the money from my residential home to the commercial property. I understand that 1031 says you need to do a "likekind exchange" but I am looking for a way around that.
If I have to use the cash from my house to buy another house, can i use the money to buy the commercial property and by the end of the year put the money back in my account without being penalized.
Please include other options, Thank you all so much!
Sam Mercer