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General Real Estate Investing
HomeForumsGeneral Real Estate InvestingCan 1031 into a lot?
Dave Carter's profile image
Dave Carter's profile image
Dave Carter
  • Rental Property Investor
  • from Springfield, IL
  • Member since Jan 31, 2020
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Dave Carter's profile image
Dave Carter's profile image
Dave Carter
  • Rental Property Investor
  • from Springfield, IL
  • Member since Jan 31, 2020
Connect
Dave Carter
  • Rental Property Investor
  • Springfield, IL
35
Votes |
36
Posts
General Real Estate Investing

Can 1031 into a lot?

Dave Carter
  • Rental Property Investor
  • Springfield, IL
Posted Dec 25 2020, 20:51

Is it possible to sell a rental and 1031 into a lot that you intend to build a duplex or four plex on? The new property has to cost more than the sale, and it will would when built, but it won’t as an unimproved lot. Can the cost of the lot and an appraisal-based construction loan qualify as the subject property?

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