From Lot to 1031 Tax Exchange into a New Construction multiplex!

From Lot to 1031 Tax Exchange into a New Construction multiplex!

Aurora CourtneyPro Member
Real Estate Agent · Anchorage, AK · Member since 2017 · 1 post · 0 votes

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $830,000
Cash invested: $166,000

1031 Tax exchanged from previous rental to a new construction multiplex on a lot previously acquired.

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  • Sean RossPro Member
    1031 Exchange Qualified Intermediary · Denver, CO · Member since 2017 · 176 posts · 97 votes
    5y

    @Aurora Courtney, thank you for the info.  Are you asking how to sell one property and 1031 exchange the deferred proceeds into a new construction on a lot already owned by the same investor?

    If so, that's a VERY tricky process with lots of possible red flags. 

    Happy to elaborate, but first want to make sure that I'm not egregiously misreading the post.  

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