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Updated about 7 years ago on . Most recent reply

User Stats

137
Posts
50
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Vania Castillo
  • Investor
  • New York City, NY
50
Votes |
137
Posts

Questions about 1031 Exchange

Vania Castillo
  • Investor
  • New York City, NY
Posted

Hello BP Community!

I finally was able to sell a foreclosure property I bought 4 years ago via tax lien!  I held the lien for over 3 years, foreclosed around 6 months ago and sold the property after having ownership on it for less than 6 months.  I'd like to move that money to a 1031 is my plan sound?

The other question is: I have other 2 properties that foreclosed and sold with seller financing for 6 months?  Can I do a 1031 exchange when I'm not getting the money until 6 months later? I doubt it, but does not hurt to ask :)

Thank you! 

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