Updated almost 5 years ago on . Most recent reply
New Construction 1031 Help
I’m selling some properties for significant gains and would like to 1031 profits from 1-2 of them. I own a duplex lot and plan to build once these deals close. I know it’s possible, but I’m struggling to find much useful information. It appears I can’t be the owner of the lot. Is there anything wrong with transferring title to my builder, having an intermediary hold proceeds from sales (of relinquished property) and then pay builder and then transfer title to me upon completion? I’ve reached out to two QIs, but no response yet. If anyone knows a great one, I’m interested in that too.