1031 exchange question

[Ralphy Rosado]

If I sold my 35,000 rental investment threw a 1031 exchange to avoid taxes can i transfer that and buy a  a house for 100,000 in florida and use that 35,000 as a down payment on the new 100,000 investment, and can it be a single or and multi family house or building

[Dave Foster]

@Ralphy Rosado if you can sell them as a   bundle then it can be structured as one exchange and save you a bunch in exchange fees and risk from the calendar time lines.   The type of real estate does not matter. Any kind of investment real estate can be exchanged for any other kind of investment real estate.  And the size and number of properties and how you allocate the proceeds does not matter either.  if you want to avoid all tax you must purchase at least as much as you sell and use all of the proceeds in the replacement purchases.

You plan looks very solid.