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Updated 2 months ago on .
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SFH investment 1031 into MFH investment/primary?
Old unit: Have a single family home which is, and always has been an investment property. Planning to sell; approx 350k net.
New unit: 4-unit multi family in which 3 units (with existing tenants that will carry over from seller) will remain investment; I will move into (currently empty) 4th unit AND USE as primary residence with primary mortgage. Approx 800k
Can I 1031 old unit into the new units?
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Jonathan Greene
#5 Starting Out Contributor
#5 Starting Out Contributor
- Real Estate Consultant
- Mendham, NJ
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Jonathan Greene
#5 Starting Out Contributor
#5 Starting Out Contributor
- Real Estate Consultant
- Mendham, NJ
If you are moving into it, I don't think you can do a 1031. @Dave Foster will confirm, this is all he does. You can go investment SF to investment MF, but not from investment to primary I think.
- Jonathan Greene
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