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1031 exchange and Brrrr.
If I sell an investment property and put the equity into a 1031 exchange can I use that to pay cash for a house and brrrr?
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Bill B.
#3 1031 Exchanges Contributor
#3 1031 Exchanges Contributor
- Investor
- Las Vegas, NV
Makes sense. Then your choices are... Sell both and buy 1 x $500k property, sell both and buy 2 x $250k properties, or exchange 1 for 1 x $250k property and sell the other one outright and pay taxes on it.