Flip sale 1031 exchange?
Hi! I have a good understanding of the 1031 exchange but have this question. If I buy a property, rehab and sell it within a 3-6 month time frame, can i 1031 exchange that into a long term hold property? The specific numbers would be:
Buy 75k
Rehab 40k
Sale 165k
Exchange into:
165k+ purchase
Rent out and refinance