Thinking of Flipping or Wholesaling? Here's How to Use a 1031 Tax Exchange

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The 1031 Tax Exchange

An incredibly powerful tax advantage available to investors who know how and when to use this strategy.

But part of that how and when includes knowing the limitations on what you can and cannot direct into a 1031 exchange.

Today I'll cover the question, "Can you wholesale or flip a contract, or flip one of your newly acquired buildings directly into a 1031?"

As always, I'd love to hear your thoughts and success stories and see what topics you'd like to see covered in future videos!

- Cherif

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Call (844) 720-1031

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ABOUT CHERIF MEDAWAR

Cherif’s training models allow investors to use his Business Models & Strategies to invest on their own, with the network, or alongside him. Today, Cherif has over 1000+ success stories from people who have followed his systems and become successful in commercial real estate.
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The facts and circumstances of the flip would allow the IRS to disallow installment sale treatment and force one to recognize the gains on day 1. Penalty and charges will follow.

alfalogic
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doing a 1031 exchange ... selling in Ca buying 3 homes in Ga im now short 150k the owner was going to hold a note for 2 year now wants to cashed out... now Im looking for a short term loan to close the deal.... this loan will be 1 year since its hard money.... I dont not flip in 1 yr I may sell and payoff the hard money and do another 1031 home without any loans, thoughts?

papajoe