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Updated over 1 year ago on . Most recent reply presented by

User Stats

82
Posts
33
Votes
Sri Voodi
  • Investor
  • Woodland Hills
33
Votes |
82
Posts

1031 Scenario - is it possible?

Sri Voodi
  • Investor
  • Woodland Hills
Posted

All gurus, 

I have a Single Family Home (SFH) property that I want sell and do a 1031 exchange.

Scenario 1 - Sell the property and buy 2 SFH's out of state. Does it qualify as LIKE-KIND property?

Scenario 2 -Sell the property and buy a Multi unit? Does it qualify as LIKE-KIND property?

Thanks

Most Popular Reply

User Stats

154
Posts
223
Votes
Bernard Joseph S.
  • Investor
  • New Jersey
223
Votes |
154
Posts
Bernard Joseph S.
  • Investor
  • New Jersey
Replied

@Sri Voodi You've gotten very informative responses here. Having gone through a 1031 recently I highly recommend the guy who posted above me @Dave Foster as your qualified intermediary. He is a wealth of information and his people did a great job handling my exchange. Best of luck to you  

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