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Updated almost 5 years ago on . Most recent reply presented by

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58
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31
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Mike Sola
31
Votes |
58
Posts

1031 Exchange and Cash out refi

Mike Sola
Posted
I guess there are two parts to this post:

1. If I flipped a house for a 20k profit, can I put that money into a 1031 exchange and add my own cash to purchase a new property?

2. Let's say I am able to do #1, if I were to BRRRR and cash-out refi, would that 20k then be taxed?

Thanks for the input
  • Mike Sola
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