How does a 1031 Exchange work ?
I'm considering strategies for selling a property in Worcester, MA which has increased in value since I bought it at an estate sale four years ago with cash.
A suggestion from Brian J. Allen was to look at a 1031 exchange while evaluating the advantages/disadvantages of doing a lease option to buy with a potential buyer.
I've heard of it but don't know much about 1031. I'd appreciate any views and suggestions. Thanks!