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Updated almost 3 years ago,

User Stats

115
Posts
57
Votes
Jordan Woolf
  • Flipper/Rehabber
  • Huntsville, AL
57
Votes |
115
Posts

Too early for 1031 exchange?

Jordan Woolf
  • Flipper/Rehabber
  • Huntsville, AL
Posted

I have owned one of my properties for almost 2 years. It has been rented for about 6 months. The tenants are asking to purchase the property.

I would like to do a 1031 but I am not sure if this property would qualify.

Should I wait for the property to be rented for a full year before selling? I asked my accountant and he did not know the answer.

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