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All Forum Posts by: Thor Bonaventura

Thor Bonaventura has started 1 posts and replied 1 times.

1031 Exchanges

Post: Question regarding 1031

Thor BonaventuraPosted
  • Posts 1
  • Votes 0

Hey guys new to this platform but I have a question if anyone can help. I am currently building a property and realized that that taxes from the sale are going to be substantial so I considered doing a 1031 then getting into multiple smaller properties then rent them out. The issue is after learning about 1031 it says it can’t used on a property that is just built to sell which this house is being a new build. Is there a way I can still do a 1031 without say renting it out for a year or two when it is complete? Also how long would I need to rent it out for to be considered applicable for an 1031? Any advice would help!

0 Votes
Las Vegas, Nevada