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All Forum Posts by: Eric Smith

Eric Smith has started 1 posts and replied 2 times.

1031 Exchanges

Post: 1031 exchange with a related party

Eric SmithPosted
  • Posts 2
  • Votes 2

@Daniel Osman

The title on our selling condo is owned in both mine and my wife’s names. 

Does it make any difference that my wife’s mother which is the executive of the estate only owns 50% of the property we want to acquire? The other 50% is shared between aunts and cousins.

0 Votes
Fort Lauderdale, Florida
1031 Exchanges

Post: 1031 exchange with a related party

Eric SmithPosted
  • Posts 2
  • Votes 2

Hi, we are trying to do a 1031 exchange by selling our rental condo in exchange for a single family home rental. Our condo would be sold to an unrelated party. Our new single family home rental would be purchased from an estate. The executive on the estate is my mother in law and the rest of the members are my wife’s aunts and cousins. Is it possible to do this 1031 exchange?

2 Votes
Fort Lauderdale, Florida