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Updated over 7 years ago on . Most recent reply presented by

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14
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Scott DeFries
  • Bethesda, MD
2
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14
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1031 Exchange - Pulling My Money out afterwards

Scott DeFries
  • Bethesda, MD
Posted

Hi guys,

If i do a 1031 exchange, how do I have to wait to pull out my money through a home equity loan?  Are there other possibilities that I should be looking into?

Thanks in advance.

-Scott

Most Popular Reply

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9,218
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Dave Foster
  • Qualified Intermediary for 1031 Exchanges
  • St. Petersburg, FL
9,539
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9,218
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Dave Foster
  • Qualified Intermediary for 1031 Exchanges
  • St. Petersburg, FL
Replied

@Scott DeFries, Once you complete your exchange you can indebt it as you will.  At that point you are simply accessing equity through a debt instrument which is not a taxable event.

  • Dave Foster
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The 1031 Investor
5.0 stars
114 Reviews

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