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Updated over 10 years ago on . Most recent reply presented by

Shaun Hunt's profile image
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Shaun Hunt
  • from Cedar City, Utah
  • Member since Aug 2, 2014
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Shaun Hunt's profile image
Shaun Hunt's profile image
Shaun Hunt
  • from Cedar City, Utah
  • Member since Aug 2, 2014
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Shaun Hunt
  • Cedar City, UT
30
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1031 Exchanges

1031 help needed

Shaun Hunt
  • Cedar City, UT
Posted
I have an half acre I want to sell to pay down a loan for another home that I have an accepted offer on. Am I too late?
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Wayne Brooks
  • #1 Foreclosures Contributor
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  • from West Palm Beach, Florida
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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
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  • from West Palm Beach, Florida
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

You can do a Reverse 1031, whereby you buy the replacement property prior to selling the existing.  Not sure on the exact procedures.  I can't tag Bill Exter, maybe someone else can.

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