All Forum Posts by: Nicholas O.

Thank you both for the helpful information! 

Hello, 

This is my first post on here, I have followed quite a few post in the past. Thank you in advance for any advice. 

I purchased a large single family property at auction in fall of 2019 and currently working on renovating the place. We are looking to sell the property this April or May. 

We originally were going to make it a rental property but decided to sell as we believe we are going to turn a good profit. 

With our profit we would then like to purchase property(s) more suitable for rental. 

Would a 1031 work for this property? We will never of rented it but had intent to rent it. 

This is are first time with an investment property. 

Thanks!!