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Updated over 6 years ago,
Questions about 1031 Exchange
Hello BP Community!
I finally was able to sell a foreclosure property I bought 4 years ago via tax lien! I held the lien for over 3 years, foreclosed around 6 months ago and sold the property after having ownership on it for less than 6 months. I'd like to move that money to a 1031 is my plan sound?
The other question is: I have other 2 properties that foreclosed and sold with seller financing for 6 months? Can I do a 1031 exchange when I'm not getting the money until 6 months later? I doubt it, but does not hurt to ask :)
Thank you!