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Updated over 1 year ago on . Most recent reply

Bapshil Fatal's profile image
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Bapshil Fatal
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Bapshil Fatal
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General Real Estate Investing

Investment Property Question

Bapshil Fatal
Posted

Hello everyone. I was wondering if any real estate investment experts can my question concerning investment properties. Let's say after one year of buying, you recently converted your primary residence into an investment property, about how long do you have to wait before you could do a 1031 Exchange for another property after converting yours?

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Eliott Elias
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  • from Austin, TX
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Eliott Elias's profile image
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Eliott Elias
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Eliott Elias
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  • Austin, TX
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Eliott Elias
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  • Austin, TX
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Talk to your CPA about this. Use your homestead tax exemption for your primary, don’t convert it to an investment property.

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