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Updated over 3 years ago,

Ryan Galloway's profile image
Ryan Galloway's profile image
Ryan Galloway
  • Rental Property Investor
  • from Los Angeles
  • Member since Oct 29, 2015
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User Stats

5
Posts
6
Votes
Ryan Galloway's profile image
Ryan Galloway's profile image
Ryan Galloway
  • Rental Property Investor
  • from Los Angeles
  • Member since Oct 29, 2015
Connect
Ryan Galloway
  • Rental Property Investor
  • Los Angeles
6
Votes |
5
Posts
Buying & Selling Real Estate

1031 Exchange Question

Ryan Galloway
  • Rental Property Investor
  • Los Angeles
Posted

Hello hive mind,

I have a question about 1031 exchanges: is it possible to sell a property and 1031 the proceeds into another property we already own to pay off the balance? If the answer is no, are there any tricks or workarounds?

Bonus points: is that a good idea? why or why not?

Bonus bonus points: looking for referrals for an airbnb/landlord friendly real estate CPA in the Los Angeles area.

Thank you!
R&D

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