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Updated 3 months ago, 08/30/2024

Joseph M.'s profile image
Joseph M.'s profile image
Joseph M.
  • Investor
  • from Boulder, CO
  • Member since Dec 12, 2015
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User Stats

118
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16
Votes
Joseph M.'s profile image
Joseph M.'s profile image
Joseph M.
  • Investor
  • from Boulder, CO
  • Member since Dec 12, 2015
Connect
Joseph M.
  • Investor
  • Boulder, CO
16
Votes |
118
Posts
Local Real Estate Networking

1031 Exchange and Renovations

Joseph M.
  • Investor
  • Boulder, CO
Posted

If I sell an investment property can I use those funds to refinance another property to do renovations?

For example: I sell a $200,000 condo with no mortgage debt on it. Then I refinance a property that I already own to do a renovation on it. I live in this property, but at some point plan to sell it and make a profit. Would that satisfy 1031 exchange requirements?

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