Updated almost 6 years ago on . Most recent reply
1031 Exchange on a Cash-out Refinance????
Hey gang. I was thinking about this and curious if its possible. Has anyone done it? I have properties under contract that I want to purchase. Can I do a 1031 exchange on a cash-out refinance or does it have to be on a sale? If I can do it, how much does doing a 1031 delay the process? I'd like to do these refinances/purchases within 90 days. Thanks!
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You do a 1031 exchange on a sale, @Kevin Christensen. What are you trying to accomplish? There are no capital-gains tax implications when you do a cash-out refi.