How to Convert to a Primary Residence after a 1031 Exchange

There are many advantages to investing in real estate. One of the major ways to take advantage of your investments it to utilize the 1031 tax free exchange. I had know about this tax advantage well before I started investing in real estate, however I did not know about many of the details until I ran across an article by Jeanette Joy Fisher, which explained some of the details around timelines that you must follow as well as the types of properties that can be involved. It also details one cool loophole that allows you to purchase your primary residence with this tax exchange.

Check it out here.

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