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Updated over 5 years ago,
Can I do a 1031 exchange on flil properties?
We are working on our 4th flip and have a lot to divide and build 2 homes on currently. I have learned a little about a 1031 exchange and figured that would be a good fit for our business.
However I recently talked with a more experienced investor/rehabber and he said that I couldn't do a 1031 exchange if flipping was my primary source of income. Which it currently is not.
Any insight would be helpful!