Posted by Bob on May 17, 2003 at 21:01:56:
In Reply to: 1031 exchange on rental to buy land to build on for own use posted by Phil on April 03, 2003 at 11:56:03:
No. You must build it as a Spec home with the intention of selling it as such. It's a grey area though, if you can't sell and move in for 2 years to control costs.....? Call your local Starker Exchange representative. Fairly certain that what you're trying to do is very common. Let me know how it works out.