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Updated over 8 years ago,

User Stats

13
Posts
5
Votes
Elaine Bonini
  • Investor
  • Benicia, CA
5
Votes |
13
Posts

Selling CA Rental, want to 1031 into multiple out of state rental

Elaine Bonini
  • Investor
  • Benicia, CA
Posted

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!

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