1031 Exchanges and Covid 19 Update / Changes

[Christopher J. Roche]

If you have recently purchased a property using a 1031 Exchange and the property isn't performing as you had hoped, you can more than likely sell it today and qualify for a 1031 exchange. As the code states, you must have the "intent" to buy and hold for investment. The pandemic has changed many investors original intent, therefore would allow for a back to back exchange in the same tax year.

Additionally - what do we expect for real estate investors under the new administration?

Christopher Roche

CrowdLending / Hard Money Lender