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Updated about 7 years ago on . Most recent reply

Mariana Rojas's profile image
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Mariana Rojas
  • from Chicago, Illinois
  • Member since Oct 20, 2017
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Mariana Rojas's profile image
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Mariana Rojas
  • from Chicago, Illinois
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Mariana Rojas
  • Chicago, IL
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1031 Exchanges

Could I make a 1031 exchange and use as downpayment?

Mariana Rojas
  • Chicago, IL
Posted

Hi everyone,

I have one rental property and I want to find a way to finance a multi-unit building,  and I would like to know if could I somehow make a 1031 exchange and use as a partial or a down payment. Thank you.

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Brian Garrett's profile image
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Brian Garrett
  • Real Estate Investor
  • from Palm Beach County, FL
  • Member since Mar 24, 2017
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Brian Garrett's profile image
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Brian Garrett
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  • from Palm Beach County, FL
  • Member since Mar 24, 2017
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Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
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Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
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You can 1031 as long as the new property is of higher value than your current property.

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