Friday, March 4, 2011
Your questions about 1031 exchange
Mandy asks…Can I use the 1031 Exchange if im selling one property for a higher value property? Im buying in incriments?Like if I sell a property worth 20,000 and buy two properties with that money one for 5,000 worth 10,000 and one for 15,000 worth 30,000 can I do the 1031 exchange if im getting my assets from tax sale auctions and buying in incriments like that?admin answers:quick answer yesKen asks…Can two home owners submit a 1031 property exchange if the properties are geographically separated?I'm buying a house in New Mexico and a
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