Can I use a 1031 Exchange to buy unknown property when selling commercial property?
I own a building and I converted it from apartments to condos. I hold sold four (of six) and I want to lift the proceeds from the ending public sale or two and put it into a 1031 Exchange. I hold not sold them nonetheless.
May I do this and buy a piece of estate? Then I would use the home to build more condos.
In days gone by I setup a 1031 Exchange for the mart of residential property to purchase this apartment building.
Answers:
My considerate is that the 1031 Exchange must be a "approaching kind" exchange. I meditate it have to be of similar type and equal or better good point. I don't construe unprepared estate would qualify.
But, I'm not a 1031 Exchange expert..
contact circle of experts .com
For a Minnesota state rental. Month to Month lease started Aug 1st and ends Aug 30th. Notice length is 60 days
Do you inevitability a licence to get rid of property contained by the uk?
Realtors: When a house is sold, where on earth does the money step initially?
How will have multiple charge offs affect getting an apartment?
When buying and selling a house, what is co-op? What are the advantages as a trader to bestow this?
May I do this and buy a piece of estate? Then I would use the home to build more condos.
In days gone by I setup a 1031 Exchange for the mart of residential property to purchase this apartment building.
Answers:
My considerate is that the 1031 Exchange must be a "approaching kind" exchange. I meditate it have to be of similar type and equal or better good point. I don't construe unprepared estate would qualify.
But, I'm not a 1031 Exchange expert..
contact circle of experts .com