1031 Specialists - See who qualifies to do a 1031 Exchange

[Mike Auerbach]

Since I'm new on this platform, I realize that many on here do the conventional "fix and flips" - those aren't eligible for 1031 exchanges. Neither are developers. You must be a US real estate investor in order to utilize the 1031 exchange. What does that mean? Generally speaking an investor collects rental income and signs a lease with a tenant whereas a flipper or developer shows "inventory held for sale" on their books and gets all of their economics derived from a SALE.