Posted by dealmaker on May 29, 2006 at 20:49:23:
Wow, that’s an expensive lot in an area of inexpensive labor and materials!
But yes, AFAIK you can. Of course you then have a very expensive, very new and nice rental for the next couple of years. Also remember, the time hacks on 1031 exhchanges are unforgiving!
dealmaker
1031 transfer - Posted by John Harrison
Posted by John Harrison on May 29, 2006 at 12:14:49:
If I sell a $900k rental property (that I own outright), would it be possible to buy a $600K lot and have a $300K house built on it and still defer 100% of the tax?
Re: 1031 transfer - Posted by Robin
Posted by Robin on August 18, 2006 at 18:12:11:
You can do a delayed build to suit exchange (sell first; exchange company buys the new lot with the proceeds AND holds title while you build the house on the lot as the project manager for the exchange company; and-- no later than 180 days after you sold-- you take title to the improved property and get the benefit of the increased value).
Robin