Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
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

Updated almost 5 years ago on . Most recent reply presented by

User Stats

2
Posts
0
Votes
Jesse P.
  • Real Estate Agent
  • Santa Cruz, CA
0
Votes |
2
Posts

1031 Exchange into TIC with Family member

Jesse P.
  • Real Estate Agent
  • Santa Cruz, CA
Posted

Can I 1031 a property and purchase a fractional interest (TIC) in another property a family member currently owns?

I would clear $300K from the relinquished property sale of $700k.

The replacement property has appraised for 1.25m and has a mortgage of $825k

-If possible, are there restrictions on how the $300K from the relinquished property is used? For example, could $100k be used for delayed maintenance and the residual to pay down the mortgage?

Loading replies...