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Scott DeFries
  • Bethesda, MD
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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

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Dave Foster
  • Qualified Intermediary for 1031 Exchanges
  • St. Petersburg, FL
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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
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