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Updated over 3 years ago on . Most recent reply

Philip Joseph's profile image
Philip Joseph's profile image
Philip Joseph
  • Investor
  • from Warner Robins, GA
  • Member since Jul 22, 2021
  • Posts 75
  • Votes 47
  • Experience 9 Yrs
  • Investments 6
Connect

User Stats

75
Posts
47
Votes
Philip Joseph's profile image
Philip Joseph's profile image
Philip Joseph
  • Investor
  • from Warner Robins, GA
  • Member since Jul 22, 2021
  • Posts 75
  • Votes 47
  • Experience 9 Yrs
  • Investments 6
Connect
Philip Joseph
  • Investor
  • Warner Robins, GA
47
Votes |
75
Posts
Buying & Selling Real Estate

1031 exchange or not?

Philip Joseph
  • Investor
  • Warner Robins, GA
Posted

I have a closing on 1 Sep where I will net $10k, then another closing for a property that I am purchasing for $45k on 16 Sept.  My question, is it worth the effort and expense to do a 1031 for the $10k from the first sale to use for the second sale? With it only being $10k, I'm not sure if it's worth the effort. 

Thanks, Cajun  

  • Philip Joseph
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