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Buying & Selling Real Estate
HomeForumsBuying & Selling Real EstateCan I sell my property to myself for a 1031 exchange?
Katrina Cabral's profile image
Katrina Cabral's profile image
Katrina Cabral
  • from Los Gatos, California
  • Member since Oct 8, 2017
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Katrina Cabral's profile image
Katrina Cabral's profile image
Katrina Cabral
  • from Los Gatos, California
  • Member since Oct 8, 2017
Connect
Katrina Cabral
  • Los Gatos, CA
17
Votes |
131
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Buying & Selling Real Estate

Can I sell my property to myself for a 1031 exchange?

Katrina Cabral
  • Los Gatos, CA
Posted May 7 2021, 04:30

I’m buying two conjoined condo units that were converted into one unit. I plan to renovate and split them apart. Once they are two separate units then I would like to sell an existing rental that I have and buy one of the units and begin using that as my replacement rental property? My first question is if this is legal & allowed? My second question is if it’s not then what about if I buy the new units and put the title in my minor daughters name, then would it be legal because then I wouldn’t be selling to myself? 

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