Identifying More than 3 Properties - Yes its possible but there are rules

[Mike Auerbach]

If you want to identify more than three replacement properties during your 45-day identification period, what are the additional requirements you must follow?

If you wish to identify more than three replacement properties, you can. However, identifying four or more properties means your exchange must also pass one of these two additional tests:

1. The 200% Rule: the combined fair market value of all your identified replacement properties cannot exceed 200% of the value of your relinquished property.
2. The 95% Rule: you can exceed the 200% rule but you must acquire >=95% of the fair market value of the properties you identify.