1031 Exchanges
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1031 Exchanges
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Updated about 8 years ago on . Most recent reply
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Buying multiple properties at once
So, let's say I own a property worth $300,000 in one city that cash flows decently, but in another city, two hours away (where I moved from), properties are much less expensive per quality and cash flow like crazy. Is it possible to sell the $300,000 house and instead qualify for the loan and use the equity to buy 6 or more $40,000 homes all with one deal and one lender and in a 1031 exchange?
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In theory yes - you can 1031 from one property into multiple properties.