Good Day,
I am currently doing a fix/flip with a partner and we stand to profit $100k after all is said and done. I have a few questions in regards to 1031:
1) Can the money be used into another fix/flip?2) Can you exchange it into raw land that you intend to build condos on and rent?
3) When the IRS requires you to "identify" the property within 45 days, can it be a collection of properties if you are unsure which property will work out for you?Thanks all!