Updated about 7 years ago on . Most recent reply
1031: hold time before I can roll into another property.
Team, looking at doing another 1031 on 2 properties just purchased, renovated and leased-out. The IRS says I need to have 'intent to hold' property.
What exactly does that mean? Is it more intent focused to lease and maintain the asset, or is there a timeframe needed to hold the property before I can trade up again.
Thanks in advance for the suggestions.



