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1031 Exchanges

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Blynn Keller
  • Broomfield, CO
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1031 for vacation rental?

Blynn Keller
  • Broomfield, CO
Posted Jul 21 2015, 12:30

I am currently in the process of selling a property and will be re-investing the proceeds. I will buy another local property but am considering using some of the funds to buy a vacation rental as well. I would use the property for family vacations but list with an online service for short term rentals to offset the cost. Is there a problem using a 1031 for this type of property? Any problem with using the property myself when it's not booked?

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