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All Forum Posts by: Craig Willis

Craig Willis has started 1 posts and replied 2 times.

1031 Exchanges

Post: 1031 exchange into new construction

Craig WillisPosted
  • Posts 2
  • Votes 2

It is currently raw ground. I was hoping when it was finished I could somehow exchange into it at final closing. 

0 Votes
1031 Exchanges

Post: 1031 exchange into new construction

Craig WillisPosted
  • Posts 2
  • Votes 2

Hello all. I'm new to this forum and have read some good advice. I am about to start construction on a large multi owner building. We all will own shares of an LLC that will own the new building. There will be a construction loan and then permanent financing when construction is completed. I have 2 rental properties that are paid for and may want to do a 1031 into this new building. Can I do it at the time of signing permanent financing?

2 Votes