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Updated almost 8 years ago on . Most recent reply presented by

Alex Penalva's profile image
Alex Penalva's profile image
Alex Penalva
  • from Kearny, New Jersey
  • Member since Sep 13, 2017

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Alex Penalva's profile image
Alex Penalva's profile image
Alex Penalva
  • from Kearny, New Jersey
  • Member since Sep 13, 2017
Alex Penalva
  • Kearny, NJ
11
Votes |
45
Posts
1031 Exchanges

Basic question regarding 1031 in NJ.

Alex Penalva
  • Kearny, NJ
Posted
Hi guys, So I am new at investing, but I’ve been reading and listening to podcasts on the topics of rentals, and flipping. This question is in regards to the 1031 exchange, can I use the 1031 to sell property in one state and buy in another? And second question: if I buy a property worth 100k with 20% down, assuming I have 20k in the property, how soon can I do the 1031E?
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