1031 Exchange

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
Post Reply
Topic Author
workspace10
Posts: 24
Joined: Wed Mar 23, 2022 1:40 pm

1031 Exchange

Post by workspace10 »

Hi
Has anyone ever done a 1031 exchange and what are some pluses and minuses to it? my father has an investment property that I want to exchange for another easier to manage investment property. It's 3 unit apartment building but it is a lot of work and my father who is retiring does not want to manage it anymore. I suggested buying a condo that caters to professionals using the 031 exchange and letting the property management company manage it. Are there any downsides or drawbacks to this?

Also how frequently can you do an 1031 exchange? what if I did this every two years...are there any drawbacks to this?

thanks
hydroprot
Post Reply