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Updated almost 4 years ago, 12/20/2020

Karen Chenaille's profile image
Karen Chenaille's profile image
Karen Chenaille
Pro Member
  • Real Estate Agent
  • from Sevierville, TN
  • Member since Jun 8, 2017
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User Stats

165
Posts
137
Votes
Karen Chenaille's profile image
Karen Chenaille's profile image
Karen Chenaille
Pro Member
  • Real Estate Agent
  • from Sevierville, TN
  • Member since Jun 8, 2017
Connect
Karen Chenaille
Pro Member
  • Real Estate Agent
  • Sevierville, TN
137
Votes |
165
Posts
1031 Exchanges

1031 C-Store to Air BnB

Karen Chenaille
Pro Member
  • Real Estate Agent
  • Sevierville, TN
Posted
Hello! I have a convenience store for sale. I run an Air BnB out of my primary residence renting out 4/5 rooms. Therefore my primary residence is being used for a commercial venture. Would it be possible to use a 1031 exchange to use the proceeds from the store to pay off the mortgage on the primary residence?
  • Karen Chenaille
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