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We are less than a month away from listing our Brooklyn, New York condo, which we bought for $375,000 back in 2004, the same week we got married. 20 years, two […]
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Spencer Howe's profile image
Spencer Howe's profile image
Spencer Howe
  • Rental Property Investor
  • from Riverside
  • Member since Jul 19, 2021
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Spencer Howe's profile image
Spencer Howe's profile image
Spencer Howe
  • Rental Property Investor
  • from Riverside
  • Member since Jul 19, 2021
Connect
Spencer Howe
  • Rental Property Investor
  • Riverside
7
Votes |
21
Posts
Buying & Selling Real Estate

1031 capital gains on investment property

Spencer Howe
  • Rental Property Investor
  • Riverside
Posted Jan 25 2022, 10:13

We did a cash out on an investment property for 375k and now we are trying to sell but have just been informed we need to pay off the loan in order to do a 1031 and avoid capital gains. Is there any alternative to me loaning 375k for a day? House is making a profit on sale

Thanks!

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