1031 USVI

[Bart Libsock]

Hello, I was wondering if anyone has 1031 exchanged onto St. Croix USVI.  Is there money to be made investing in St Croix. 

[Christos Dimopoulos]

@Bart Libsock Property in the USVI is considered like kind from a 1031 exchange standpoint. I grew up in St. Thomas, and would recommend investing in St. Thomas or St. John over St. Croix as a long-term investment. St. Croix's economy (mainly tourism product) has not been as strong as the other two islands.