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Innovative Strategies
HomeForumsInnovative StrategiesCalling on CPAs
Chase Shank's profile image
Chase Shank's profile image
Chase Shank
  • from Twin Falls, ID
  • Member since Nov 25, 2014
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Chase Shank's profile image
Chase Shank's profile image
Chase Shank
  • from Twin Falls, ID
  • Member since Nov 25, 2014
Connect
Chase Shank
  • Twin Falls, ID
4
Votes |
22
Posts
Innovative Strategies

Calling on CPAs

Chase Shank
  • Twin Falls, ID
Posted Aug 15 2016, 16:17

I am selling a flip and expecting a 40k profit. Here's what I want to know:

Can I do a 1031 to acquire a property for 130k, using the full 40k for a down payment. Then pull 70% of that back out via refi without having to pay the cap gain?

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