@Josephine ChWe have partners who are foreign investors.

And you would pay long-term capital gains on the profit.If you did decide to rent out the property and sold later down the road, because you converted it to an investment property, you would be able to do a 1031 exchange and defer all of the tax and depreciation, to reinvest it into another property/properties.

Feel free to connect if you want to exchange ideas or collaborate on projects

Always glad to connect with other managers in the space and exchange insights.

Question 1- am I correct thinking this is not a sale I could 1031 exchange?

I’d be glad to connect and exchange ideas on mission-driven construction and real estate investing in Wisconsin.

Feel free to connect if you’d like to exchange ideas always good to grow the network with motivated investors

My goal is to get a high likelihood of approval at 1 one year or longer of financing to allow me to refinance after cleaning up credit and completing some bookeeping/tax corrections to better qualify.Property would be purchased through LLC based on a 1031 exchange where I completed the sale and now need the replacement property. 

I am more than happy to exchange lunch or even potentially capital investment in your project (if you have a solid deal) for the knowledge.

I live in Oklahoma but am looking to 1031 exchange for a STR in the Fort Walton to PCB area.