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Updated over 11 years ago on . Most recent reply
1031 Exchange Question
My business partner bought a fourplex. Originally purchased in May 2012. We added myself to title in July 2012. Took myself off last month. He plans to sell this property to 1031 exchange this property into two single family homes. One of these homes I already own that is rented out. Can he exchange into the property I already own even though at one point I was on title of the property he is exchanging?
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Bill Exeter
#2 1031 Exchanges Contributor
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#2 1031 Exchanges Contributor
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- San Diego, CA
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Bill Exeter
#2 1031 Exchanges Contributor
Pro Member
#2 1031 Exchanges Contributor
- 1031 Exchange Qualified Intermediary
- San Diego, CA
Why were you originally added to title to begin with, and why were you recently taken off title now? Those questions will help me to form a more educated opinion.