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Updated about 4 years ago on . Most recent reply

Roman Rytov's profile image
Roman Rytov's profile image
Roman Rytov
  • Rental Property Investor
  • from Cumming, GA
  • Member since Dec 5, 2017

User Stats

30
Posts
5
Votes
Roman Rytov's profile image
Roman Rytov's profile image
Roman Rytov
  • Rental Property Investor
  • from Cumming, GA
  • Member since Dec 5, 2017
Roman Rytov
  • Rental Property Investor
  • Cumming, GA
5
Votes |
30
Posts
General Real Estate Investing

Converting 1031 to the primary residency?

Roman Rytov
  • Rental Property Investor
  • Cumming, GA
Posted

What are the rules of converting a 1031 property to own use or to the primary residency? I'm in GA today and wonder what if I buy a property in FL under 1031 exchange and show some (marginal) income for it but in 4-5 years move there and make it the primary residency. Can it work at all?

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