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Updated almost 6 years ago,

Stone Jin's profile image
Stone Jin's profile image
Stone Jin
  • Rental Property Investor
  • from Chandler AZ and Sylvania, OH
  • Member since Apr 19, 2009
Connect

User Stats

707
Posts
560
Votes
Stone Jin's profile image
Stone Jin's profile image
Stone Jin
  • Rental Property Investor
  • from Chandler AZ and Sylvania, OH
  • Member since Apr 19, 2009
Connect
Stone Jin
  • Rental Property Investor
  • Chandler AZ and Sylvania, OH
560
Votes |
707
Posts
Buying & Selling Real Estate

1031 Exchange Related Party Question

Stone Jin
  • Rental Property Investor
  • Chandler AZ and Sylvania, OH
Posted

Hi Gang,

I have a property that is currently a rental.  My parents are thinking of buying and adding to their portfolio and I would take the proceeds and 1031 exchanging into some more properties.  Does this violate the 1031 exchange related parties clause?  My mortgage broker says it should be fine but I'm not 100% sure.  

Thanks in advance.

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