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> Sell now, rent for a while, watch the market crash, jump back in when prices and/or rates fall? A 1031 exchange is a good reason to not do that. https://www
by syndicatedjelly 3y ago
> Sell now, rent for a while, watch the market crash, jump back in when prices and/or rates fall?
A 1031 exchange is a good reason to not do that.
https://www.investopedia.com/financial-edge/0110/10-things-to-know-about-1031-exchanges.aspx https://www.investopedia.com/financial-edge/0110/10-things-t...
- theGnuMe 3y agoOnly if your appreciation is more than 250/500k
- frumper 3y ago1031 is for investment properties, not primary residences. That also makes 1031 not an option if your alternative is to sell, rent then jump back in later. That seems to imply it's your primary you'd be selling.
- hipadev23 3y ago$500k in tax-free profit for a married couple goes a very long way without needing to pull a 1031.