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Updated about 1 year ago,
1031 after selling property in Europe and investing in the US
I'm European, and I purchased a property when I was back in college in Europe (2009). I just got my green card, and I'm thinking about selling the property because rent to value ratio is ridiculously low. The property has more than doubled in value, and I was wondering if it's possible to use 1031 to buy the property in the US. I don't want to keep investing back home. Also, how would the rate conversion work? Obviously, the rate 14 years ago was different than it is today to the currency that's used back home.
Thank you!