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Updated almost 9 years ago, 01/07/2016
Is a 1031 exchange a good option?
I'm selling a property (land) and would like to defer taxes. I've been doing some research on 1031 and do not know if I even would qualify.
One thing I have read is that the title must mirror one another (sale and new purchase). The property I am selling is owned jointly with another person. The new property would be in my name only. Does this automatically disqualify me from doing a 1031 exchange?
Also, are houses being held for resale/renovation (i.e. flipping) excluded from 1031?
Are there any good books pertaining to tax considerations for real estate investing?