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Updated almost 4 years ago,
1031 exchange advice
If you own an investment property, and want to sell it to purchase another investment (and haven’t lived there for 24 of the last 60 months -i.e. ineligible to sell the property and avoid capital gains), is your only other option to avoid capital gains to sell the investment property via a 1031 exchange for the like kind purchase of another investment?
If you use a 1031 exchange, do you have to buy/make your next purchase offer contingent on 1031 or is it paperwork you work up alongside the transaction?
Thanks for any suggestions on where I can learn more!