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Updated over 8 years ago on . Most recent reply

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63
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Chris Nowlin
  • League City, TX
26
Votes |
63
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Transferring Current Assets to New Development

Chris Nowlin
  • League City, TX
Posted

My dad currently has 4 paid off townhouses that are getting older. He is interested moving the equity into new investments. His plan is to buy a piece a land, build several townhouses, sell enough to pay for the rest that will be kept as rentals. 

Is this a possible asset transfer that will meet the tax requirement of a "like" property?  

What is the best way to go about it? Phases? One development?

Any information is good information.

Most Popular Reply

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Kerry Baird
Pro Member
  • Rental Property Investor
  • Melbourne, FL
2,581
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3,732
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Kerry Baird
Pro Member
  • Rental Property Investor
  • Melbourne, FL
Replied

This post needs 1031 exchange in it so that those experts show up.

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