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Updated over 8 years ago,
Selling CA Rental, want to 1031 into multiple out of state rental
Hi, I have a CA investment property that is breaking even, but has appreciated well. I would like to "sell high" within next few months and use the equity to purchase multiple out of state cash-flowing properties. Can you use the "profit" from one investment property to 1031 into multiple properties? I seems like it will be difficult logistically, but is it legal?
Thank you!