1031 into multiple cheaper properties

[Account Closed]

I have a fair amount of equity in a property I own which I loose money on every month. I've been considering selling it and buying a few properties around the area I currently live in. In the new area properties are considerably less expensive so I would need to buy two using the money I made from the sale as well as money I have saved up for their down payment. Any hitches for purchasing multiple properties from the sale of one in regards to the 1031?

Thanks, Branden

[Bill Exeter]

Yes, you can absolutely sell multiple and/or buy multiple properties through a 1031 Exchange transaction provided you meet all of the requirements.  Of course, the more properties involved the more complicated the 1031 Exchange transaction.