But the whole point of exchanging is to defer your gains over and over again.

I can’t see when or at what price you bought the property, but if this was a flip, I’d wager you’re either losing money or just breaking even.

One thing to be mindful of when exchanging into UPREITs is that once you complete your exchange, your tax-deferred journey ends there, and you can no longer exchange out of them, but you can certainly take advantage of the passive opportunities.

. §1.168(k)-2(g)(5)(v) "Example 4" describe how bonus depreciation can work with a like-kind exchange.

Wife said tomorrow and then added, he asked for all of the rest to be able to buy supplies and wanted it in cash . . . care to wager if he ever showed back up? 

@Franklin Marquette, Having a TIC would not obstruct the other partners from doing a 1031 exchange.

Originally posted by @Leslie Pappas:I think the TIC idea will allow you to 1031 exchange out separately.

Fix n flips do not meet the criteria to do a 1031 exchange because you're not purchasing the property with the intent to hold for productive use, more as inventory.

Your description makes it appear that this should be comped with off market purchases and to comp it via mls purchases would be doing the buyer a disservice.I further question if your offer was too high at $255k.Here is an offer, I will wage a lunch at BPCon 2026 in Orlando to first person who accepts the wager that this property will not close at $288k or more within 60 days of today.

OCREIN - 1031 Exchange in Todays MarketOCREIN - 1031 Exchange in Todays MarketGood Investing...