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Updated over 6 years ago,

User Stats

6
Posts
0
Votes
Mark B.
  • Duarte, CA
0
Votes |
6
Posts

1031 exchange for a purchase of a Mobile Home Park

Mark B.
  • Duarte, CA
Posted

I am selling a SFR Rental that I have had for 10years. Bought it for 200K, can sell it for 250K. I am buying a Mobile Home Park For 155K. I would like to transfer the SFR into a LLC before I sell it. Then when I buy the MHP for 155K, bank the balance in the LLC bank account and use the balance over 2years to improve the MHP. Can I do these $$ amounts for a 1031 exchange?

Thanks

Mark B.

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