Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

162
Posts
232
Votes
Chris Gawlik
  • Investor
  • Yucaipa, CA
232
Votes |
162
Posts

1031 exchange rules?

Chris Gawlik
  • Investor
  • Yucaipa, CA
Posted

Can you 1031 exchange a property owned by an LLC? Can you 1031 exchange 2 properties for 1 property. For example if I had 2 rentals and wanted to 1031 exchange them into a 10 unit property is that allowed? How long do you have to find a new property once you sell?

Do you have to exchange a property that is worth more than what you sold your property for or just more than the profit you make from a sales? For example I sold my home for 300K but profited only 30k , do I have to buy a property for 300k+ or can I just find a property equal or above the amount of profit I made? 30k+


Are there tax consequences if you don't find a property in the allotted time period? Can you request more time to find a new property? Sorry for all the questions if you only know the answer to one of them feel free thanks in advance for the advise. Also if you have any other advise please share.

Loading replies...