Can I pull the money that I invested in my Old Property out when I sell it?

No -- not without paying tax. You must reinvest all of the cash from the sale of your Old Property in order to avoid paying tax, even if some of that cash is money that you put in. Think of it like a hard-boiled egg: the money you put in is the yellow yoke, but to get to it you have to go through the white part, and the white part is all taxable.

--The Experts

TEE-Shots are Tips from the Exchange Experts that are designed to make you think about, and ask questions about, the 1031 exchange process.