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1031 Exchanges

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Sean H.
  • Developer
  • north carolina
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1031 for new construction?

Sean H.
  • Developer
  • north carolina
Posted Jul 31 2019, 20:36

I'm about to sell a property for 300k, my capital gains will probably be around 100-150k. I don't like to mess with rentals, so im trying to figure out if there's any way i can make a 1031 work in the flipping world. The lots i usually buy are 100-150k. 

If i understand a 1031 correctly, if i sell the house for 300, i have to put all of the 300 in the 1031. Is it possible to put 150k towards the lot, and 150 towards the construction?

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