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Updated 11 months ago,

Stephen Jones's profile image
Stephen Jones's profile image
Stephen Jones
  • Rental Property Investor
  • from Illinois
  • Member since Oct 24, 2019
Connect

User Stats

281
Posts
128
Votes
Stephen Jones's profile image
Stephen Jones's profile image
Stephen Jones
  • Rental Property Investor
  • from Illinois
  • Member since Oct 24, 2019
Connect
Stephen Jones
  • Rental Property Investor
  • Illinois
128
Votes |
281
Posts
Multi-Family and Apartment Investing

1031 exchange question

Stephen Jones
  • Rental Property Investor
  • Illinois
Posted

BP,

I have a quick and simple 1031 exchange question. I am getting ready to sell a property and I am going to put the funds into an exchange account to flip into a better and bigger investment.

My question is, am I able to pull a portion of that money out and just get hit with the gains? Or does all the proceeds have to go towards my next investment?? Any feedback would be greatly appreciated! Thanks

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