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Updated over 4 years ago on . Most recent reply

User Stats

29
Posts
16
Votes
Ian Berg
Pro Member
  • Real Estate Agent
  • Bend, OR
16
Votes |
29
Posts

1031 Exchange temporary placeholder, delay?

Ian Berg
Pro Member
  • Real Estate Agent
  • Bend, OR
Posted

I'm selling a property that closes at the end of the month and will have close to $500k in proceeds. I think there will be more opportunity next year to reinvest and I should have more time to find deals. I'm looking for some creative strategies on where to park this money for the next 6-10 months. Basically I don't want to pay taxes on it now but want to have it available sometime next year. Any ideas? 

  • Ian Berg
  • Most Popular Reply

    User Stats

    1,092
    Posts
    752
    Votes
    Mark H. Porter
    • Investor
    • SC NC, VA
    752
    Votes |
    1,092
    Posts
    Mark H. Porter
    • Investor
    • SC NC, VA
    Replied

    1031 with @Dave Foster.  180 days until you have to close on something else.

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