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Updated over 2 years ago,

Mahatma Rockefeller's profile image
Mahatma Rockefeller's profile image
Mahatma Rockefeller
  • Member since Aug 6, 2022
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1031 Exchanges

1031 swap into Owner-occupied multi-family

Mahatma Rockefeller
Posted

Hi,

I have an investment condo (rented for past 7 years). I would like to 1031 exchange into a multi-family property and live in 1 of the units. So my guess is that I can exchange for the portion of multi-family that i rent out. For instance - if condo sells for 750K. And I buy a 4 unit multi family for 1M, I should be ok. Is my understanding correct ? 

Thanks ! 

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