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Updated over 10 years ago on . Most recent reply presented by

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90
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17
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Gina Dovel
  • Investor
  • Oak Ridge, NC
17
Votes |
90
Posts

1031 exchange versus flipping a newly acquired property

Gina Dovel
  • Investor
  • Oak Ridge, NC
Posted

I own several rental properties. One I have owned for 25 years. I am about to buy a house in the same neighborhood to rehab and resale.  I was wondering if, tax wise, if it would be smarter to rent the house I am about to purchase after I do some rehab to it and then fix up my other rental and sell it so I can do a 1031 exchange. 

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