building a home--how long?

[John S. Rabi]

quote:

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Originally posted by kani-lehua

i'm waiting for a response from an intermediary as to how a construction type of 1031 exchange can fulfill the time frame of 180 days. this is the reason for asking.
john: you said, "i built." did you mean you had someone build it for you or you actually did the building?

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Sorry for the confusion, I had those houses built, I would never be able to build a house myself. Heck, I can't even change a light bulb! []
As to your 1031, I would recommend to forget it. You would have to finish the building within 180 days of your closing of the first property and there are no exceptions. There are too many "if" factors and it's too risky. I have a 1031 file, if you want it e-mail me directly.

Aloha,
John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
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