1031 Exchange and VA Loans... Any thoughts?
I am relatively new to the BP community, however, my wife and I have been listening to podcasts for a few months now. We purchased our first home in January utilizing the VA loan. I want to start a discussion with those who have some experience with VA loans and if anyone has used the 1031 exchange with a property that was purchased with said loan. We are leaning towards moving into house hacking with a triplex or quad. Does anyone have experience in a 1031 exchange with a VA loan?
How did it go?
What were some of the hurdles you had to get over?
Were the property specifications any different?
I am attempting to find out options as we want to try and avoid paying capital gains tax on this property and still be able to get a positive cash flowing rental property.
Any advice or experiences are greatly appreciated!
Thanks in advance,
Ryan