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78
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6
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Tom Henderson
  • Minneapolis, MN
6
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78
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1031: hold time before I can roll into another property.

Tom Henderson
  • Minneapolis, MN
Posted

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. 

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