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Updated over 3 years ago,

Brandon Phillips's profile image
Brandon Phillips's profile image
Brandon Phillips
  • Real Estate Agent
  • from Des Moines, WA
  • Member since Feb 11, 2019
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User Stats

37
Posts
8
Votes
Brandon Phillips's profile image
Brandon Phillips's profile image
Brandon Phillips
  • Real Estate Agent
  • from Des Moines, WA
  • Member since Feb 11, 2019
Connect
Brandon Phillips
  • Real Estate Agent
  • Des Moines, WA
8
Votes |
37
Posts
General Real Estate Investing

Primary to Rental 1031 Exchange

Brandon Phillips
  • Real Estate Agent
  • Des Moines, WA
Posted

My condo is my primary residence. I have lived in it for one year. If I wanted to 1031 exchange it it needs to be an investment property. If i move out and say live with my sister, and rent out my condo to tenants, how long does it need to be rented before it can be declared an investment property? Thus allowing me to utilize 1031 exchange.

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