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Updated about 5 years ago on . Most recent reply

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32
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Ryan Jones
  • New to Real Estate
  • Portland, OR
13
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32
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1031 Exchange and VA Loans... Any thoughts?

Ryan Jones
  • New to Real Estate
  • Portland, OR
Posted

I am relatively new to the BP community, however, my wife and I have been listening to podcasts for a few months now. We purchased our first home in January utilizing the VA loan. I want to start a discussion with those who have some experience with VA loans and if anyone has used the 1031 exchange with a property that was purchased with said loan. We are leaning towards moving into house hacking with a triplex or quad. Does anyone have experience in a 1031 exchange with a VA loan?

How did it go?

What were some of the hurdles you had to get over?

Were the property specifications any different? 

I am attempting to find out options as we want to try and avoid paying capital gains tax on this property and still be able to get a positive cash flowing rental property. 

Any advice or experiences are greatly appreciated! 

Thanks in advance,

Ryan 

Most Popular Reply

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Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
4,418
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3,679
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Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
ModeratorReplied

I don't have information regarding the VA loan.

But just know that if you move into a duplex/triplex and house hack only the rental portion will qualify for a 1031. 

The primary home portion will qualify for a primary residence 121 exclusion though and you can combine the two. 

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Kolodij Tax & Consulting

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