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Updated over 3 years ago on . Most recent reply

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12
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3
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Ali Kattan
3
Votes |
12
Posts

Can I 1031 exhange from a rental property to a land contract?

Ali Kattan
Posted

Hello BP family,

I was wondering if someone can help me out. I have a rental property that I purchased for around 84K almost 2 years ago. This property value (due to market in the area) is worth nearly 130k today. If I make the decision to sell this property and take those profits and buy several land contracts (homes for sale by the owner through land contract agreements) will I be able do a 1031 exchange?

Any of your input is appreciated!

Thanks,

Ali

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