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I’m Four Months Into a 1031 Exchange—Now It’s All About Finding the Best Deal in the Haystack
We are less than a month away from listing our Brooklyn, New York condo, which we bought for $375,000 back in 2004, the same week we got married. 20 years, two […]
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Rehabbing & House Flipping
HomeForumsRehabbing & House Flipping Qualifying for a 1031 exchange
James Kendall's profile image
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James Kendall
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  • Member since Feb 11, 2021
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James Kendall's profile image
James Kendall's profile image
James Kendall
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  • Member since Feb 11, 2021
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James Kendall
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Rehabbing & House Flipping

Qualifying for a 1031 exchange

James Kendall
Pro Member
Posted Dec 4 2021, 10:31

Neophyte question about 1031- I have a "good " problem , I just bought an investment property,single family home to BRRRR. I just received an offer to purchase for twice what I paid. I haven't rehabbed or rented yet since I've only owned it for 2 weeks. Is it possible to 1031 exchange a property that I've owned for 2 weeks? This wasn't an intended flip. thanks for ant suggestions.KK.

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