Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
1031 Exchanges
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

68
Posts
14
Votes
James H.
  • Investor
  • FL
14
Votes |
68
Posts

1031 exchange newly purchased property

James H.
  • Investor
  • FL
Posted

BP fam, quick question, I have owned a single fam property for 30 days. I paid $24500 cash and but $10k in repairs and was intending to rent but I have found a larger rental opportunity. Can I 1031 exchange it? I have a potential buyer and a contract on the larger multifamily property. 

Most Popular Reply

User Stats

936
Posts
713
Votes
Ryan Blake
  • Lender
  • TX
713
Votes |
936
Posts
Ryan Blake
  • Lender
  • TX
Replied

@James H. Awesome man! You killed it. Glad to hear you were able to get the info you needed. @Dave Foster If I ever do a 1031 I will work with you and your company. 

  • Ryan Blake
  • [email protected]
  • 214.420.7324
  • Loading replies...