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Updated over 3 years ago,

User Stats

137
Posts
158
Votes
James York
158
Votes |
137
Posts

New Construction 1031 Help

James York
Posted

I’m selling some properties for significant gains and would like to 1031 profits from 1-2 of them. I own a duplex lot and plan to build once these deals close. I know it’s possible, but I’m struggling to find much useful information. It appears I can’t be the owner of the lot. Is there anything wrong with transferring title to my builder, having an intermediary hold proceeds from sales (of relinquished property) and then pay builder and then transfer title to me upon completion? I’ve reached out to two QIs, but no response yet. If anyone knows a great one, I’m interested in that too. 

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