1031 exchange questions
Hello everyone,
I am considering building a SFR for the purpose of selling for profit. Rather than have to pay taxes on the proceeds, I would much rather roll that money into an apartment, utilizing a 1031 if I can.
Is this something that can be done? I believe that 1031's don't apply to your primary residence and also do not apply to house flipping. Any experienced advice on the subject would be greatly appreciated.
William