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Updated over 7 years ago on . Most recent reply

User Stats

60
Posts
22
Votes
Benjamin Dutil
  • Rental Property Investor
  • Windham, ME
22
Votes |
60
Posts

Can a 1031 exchange be used for flipping?

Benjamin Dutil
  • Rental Property Investor
  • Windham, ME
Posted
So I recently attended a weekend real estate seminar and was wondering if the 1031 exchange benefit can be used in flipping? My strategy is to raise capital to invest in more long term buy and hold purchases. And if you can’t use a 1031 is there a similar tax shelter for flipping to protect the gains from the sale?

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