Carpediem
Full time employment: Posting here.
- Joined
- Aug 26, 2016
- Messages
- 770
Has anyone completed a 1031 exchange for an investment property? If so, did you go up or down in value? Looking for feedback, gotchas, and anything else I can learn from.
We are selling our beach rental condo and buying a condo closer to the grandkids. We're thinking of renting the new condo for a couple years as part of a 1031 exchange. Unfortunately it would be a move down in value so there would still be some cap gains to pay.
We are selling our beach rental condo and buying a condo closer to the grandkids. We're thinking of renting the new condo for a couple years as part of a 1031 exchange. Unfortunately it would be a move down in value so there would still be some cap gains to pay.