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Hi all,I recently purchased an investment property as part of a 1031 exchange in Western North Carolina.

Maybe he can find a partner to provide risk capital in exchange for a piece of the deal?

Could you sell or 1031 exchange a dud and use the funds to buy something else?

I wanted some general information that would be important to pass along to clients if they ask about 1031 exchange.

Like many of you, I own SFH and looking to acquire or exchange for other asset classes mainly in Alabama. 

I have a SFR that I had rented from 2017-2020. It was rented for 3 1/2 years so I missed the opportunity to sell as my primary home. I haven’t had any rental income from it since 2021. I bought it sole owner in 2005 a...

Section 121 only applies when selling, not purchasing (it's not like a 1031 exchange).

.• 3-year business plan goals achieved in under 12 months• Listed for sale at 2026 projected price of $1.875M• Accepted $1.825M cash offer from 1031 exchange buyer• Closed sale in Oct. 2023 to secure long-term capital gains• New Sales Record Set: $228K per unit sale price, the highest ever in Bridgeport CThttps://westfaironline.com/real-estate/bridgeport-mixed-use-property-breaks-record-for-price-per-unit-sale/ Lessons learned?

I am partial to KC for a 1031 exchange but that may just be me.