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All Forum Posts by: Chandra Faulk

Chandra Faulk has started 4 posts and replied 13 times.

Tax, SDIRAs & Cost Segregation

Post: 1031 exchange-can I exchange 2 houses for the sale of 1?

Chandra FaulkPosted
  • New to Real Estate
  • Muskogee, OK
  • Posts 13
  • Votes 4

Thank you! 

0 Votes
Tax, SDIRAs & Cost Segregation

Post: 1031 exchange-can I exchange 2 houses for the sale of 1?

Chandra FaulkPosted
  • New to Real Estate
  • Muskogee, OK
  • Posts 13
  • Votes 4

Thank you so much for your help understanding this. I appreciate it!

0 Votes
Tax, SDIRAs & Cost Segregation

Post: 1031 exchange-can I exchange 2 houses for the sale of 1?

Chandra FaulkPosted
  • New to Real Estate
  • Muskogee, OK
  • Posts 13
  • Votes 4

If I sell a property for a certain amount, do I have to buy another property that is similar in price? Or can I buy 2 properties? For example, if a sell a property for 130K, but want to buy another for 65K, can I use the remaining  65K to put towards a 2nd property and still qualify for a 1031?

0 Votes