A 1031 exchange is for selling an investment property then buying another investment property. 

My wife and I have a vacant lot in Tallahassee and we're looking to use the current equity to exchange for a larger single family investment property.

Actually, it is possible do structure a 1031 Exchange on the sale of one or more relinquished properties and then using the proceeds through the 1031 Exchange to construct improvements on real property you already own.

The exchange must also be for like kind and quality.

And then if it costs you $1k per lot for 1031 exchange it might be under $4k.

Cash out refinances after a 1031 exchange are not a taxable event.

With interest rates holding steady (so far) and US Treasury yields hovering in the 4-5% range, many investors are weighing the pros and cons of staying in bonds versus seeking opportunities in real estate. While Tre...

Your best bet is in the midwest or southeast.

@Kyle Carter, The strategy you're looking at would be what is called a "consolidation exchange". followed by a conversion to your primary residence. 

Let's wrap up our QI selection series with the human element - because relationships and reputation can make or break your exchange!