Updated over 3 years ago on .
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1031 cash out refi for new property
Hi,
I have a question: looking to 1031 out of 3 properties as a portfolio sale. New property will be equal or greater in price as per the rule. When I buy the new property I will now have 50% equity in the property. After the sale is final, can I immediately pull some equity out, tax free?
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Yup. After not before.