Updated over 5 years ago on .
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1031 Exchange and Cash out refi
I guess there are two parts to this post:
1. If I flipped a house for a 20k profit, can I put that money into a 1031 exchange and add my own cash to purchase a new property?
2. Let's say I am able to do #1, if I were to BRRRR and cash-out refi, would that 20k then be taxed?
Thanks for the input
1. If I flipped a house for a 20k profit, can I put that money into a 1031 exchange and add my own cash to purchase a new property?
2. Let's say I am able to do #1, if I were to BRRRR and cash-out refi, would that 20k then be taxed?
Thanks for the input