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1031 Exchanges
Account Closed
  • Flipper/Rehabber
  • Dallas Tx
25
Votes |
64
Posts

Can you something like a 1031, but to purchase notes?

Account Closed
  • Flipper/Rehabber
  • Dallas Tx
Posted Sep 29 2016, 14:52

I have a solid rental portfolio of houses here in Austin, but the cashflow is minimal compared to what I can get in multi-family or in the mid west. additionally, I'm looking at purchasing non-performing notes and turning any of the foreclosed properties into rentals.

Are there any strategies for selling off the houses, either in bulk or individually, to minimize the tax burden for when I reuse that capital to purchase non-performing notes? I know there are a lot of disqualifications such as non-like properties (SFR into notes) and the fact that my company would own both assets, but what about rolling the capital into a solo 401k, Self directed accounts, etc? Is there another product I am overlooking?

Thanks for the advice.

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