Can I use a 1031 going from a home sale to a duplex that's under land contract?

[Chad Clark]

I'm guessing the answer is no due to dissimilar properties and the land contract has been in place and recorded for almost a year as well, but doesn't hurt to ask.   Saves me ton of cash if I can. 

[Wayne Brooks]

Quote from @Chad Clark:

I'm guessing the answer is no due to dissimilar properties and the land contract has been in place and recorded for almost a year as well, but doesn't hurt to ask.   Saves me ton of cash if I can. 

You’ve already e entered into the land contract, so no.  But to be clear, with a 1031….it is simply going from one investment to another…it could be a SFR, commercial co do, strip mall, vacant land ,etc…the property types don’t have to be the same, as long as both are “held for investment”.