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Updated over 2 years ago, 08/22/2022

User Stats

162
Posts
57
Votes
Steven Barr
  • Atlanta, GA
57
Votes |
162
Posts

1031 exchanging for cheaper properties

Steven Barr
  • Atlanta, GA
Posted

Hi BP-

If I take 4 homes that are all valued at $250k and sell them (say I have 20% equity), I would then have $200k (don’t worry about realtor fees, closing costs, etc for this example)

Could I then do a 1031 exchange with the profits from these 4 homes, and go buy 8 homes valued at $75k each and put 25k down on each of those 8 properties?

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