First Fix and Flip, 1031 Exchange

[Greg Betts]

Hey BP friends. It's been a long time coming but my business partner and I just closed on our first property. We're aiming to do several buy and holds but this property will be a fix and flip. My question for everyone, hopefully there's an accountant that can help answer the 1031 question, can I make this fix/flip qualify for a 1031 exchange?

From everything I've read and listened to (thank you BP) I am not able to do a 1031 exchange unless (a) the property generates income or (b) the property has been held for a year + 1 day.

Thanks,

Greg B.