Unconventional uses for 1031 exchanges
Oct 29th, 2007 | By Startup Addict | Category: Real Estate DevelopmentFor those of you unfamiliar, a 1031 exchange gives the real estate investor the ability to sell a piece of property and parlay the proceeds into a “like-kind” property. Here is a quick lay example:
Selling 60K parcel of land that you originally purchased for 40K.
Buyer 100K parcel of land.
The 1031 exchange allows you to [...]
