Skip to content
1031 Exchanges

User Stats

15
Posts
2
Votes
Jeffrey A DeAngelis
  • Investor
  • Asbury, NJ
2
Votes |
15
Posts

Can I use a 1031 Exchange AND a self funded retirement to acquire new property?

Jeffrey A DeAngelis
  • Investor
  • Asbury, NJ
Posted May 22 2023, 11:56

Had a house bought and sold as part of a Self Funded Retirement account. Money is sitting there waiting. 

Have another house about to close that is self funded outside of the Retirement account. 

If I 1031C exchange the self funded house (Titled to my personal name) identify and a new property, have the $$ sit in an intermediary, can I also use the Self Funded Retirement Trust account to purchase new property along with the 1031C exchange?

I assume this will cause complications with how they title the new property. 

User Stats

8,588
Posts
8,908
Votes
Dave Foster
Pro Member
#1 1031 Exchanges Contributor
  • Qualified Intermediary for 1031 Exchanges
  • St. Petersburg, FL
8,908
Votes |
8,588
Posts
Dave Foster
Pro Member
#1 1031 Exchanges Contributor
  • Qualified Intermediary for 1031 Exchanges
  • St. Petersburg, FL
Replied May 22 2023, 14:18

@Jeffrey A DeAngelis, the 1031 would have no problem with a tenants in common situation with your retirement account.  However you need to work with your custodian.  That is where it will get tricky.

User Stats

15
Posts
2
Votes
Jeffrey A DeAngelis
  • Investor
  • Asbury, NJ
2
Votes |
15
Posts
Jeffrey A DeAngelis
  • Investor
  • Asbury, NJ
Replied May 23 2023, 07:05

Thank you.   Thought a may have made a huge mistake with my planning. 

@Dave Foster

BiggerPockets logo
BiggerPockets
|
Sponsored
Find an investor-friendly agent in your market TODAY Get matched with our network of trusted, local, investor friendly agents in under 2 minutes

User Stats

151
Posts
49
Votes
Dylan Speer
  • Investor
  • Denver, CO
49
Votes |
151
Posts
Dylan Speer
  • Investor
  • Denver, CO
Replied May 24 2023, 07:59

Have you considered exchanging into a DST?