Just Answer 3 Questions
There are three questions you should ask yourself to see if you are a good candidate for a 1031 exchange:
1. Are you selling appreciating investment real estate?
2. Do you intend to purchase new investment real estate of equal or greater value?
3. Would you like to avoid paying capital gains on the sale of that investment real estate?
If you answered yes to the questions above, you are a good candidate for a 1031 exchange.