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Updated almost 6 years ago,
1031: hold time before I can roll into another property.
Team, looking at doing another 1031 on 2 properties just purchased, renovated and leased-out. The IRS says I need to have 'intent to hold' property.
What exactly does that mean? Is it more intent focused to lease and maintain the asset, or is there a timeframe needed to hold the property before I can trade up again.
Thanks in advance for the suggestions.