Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 11 months ago,

User Stats

4
Posts
2
Votes
Dan Fritschen
  • Investor
  • San Jose, CA
2
Votes |
4
Posts

1031x options for liquidity

Dan Fritschen
  • Investor
  • San Jose, CA
Posted

Hello.  Is there a type of an investment for a 1031x that is liquid within a year?

the reason is my cousin who I am trustee for owns a rental property. My cousin has terminal cancer and is in hospice and will pass away in 6 to 12 months from now. 

My cousin has no assets other than this rental. She does not have money for her expenses and is borrowing at a high rate of interest which is becoming impossible 

the idea is to sell my cousins rental property take a boot to cover her expenses and the rest ($750,000) do a 1031x.   When she passes the asset that was purchased as part of the 1031 would then be liquidated and distributed to heirs with no taxes 

The goal is to get her the cash she needs from her asset without paying any/minimal capital gains.  

Any suggestions would be helpful

we will hire an expert to manage this transaction.  So if you help you will get the job to manage all this :)  

Thank you 

Loading replies...