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Updated almost 7 years ago,
1031 Exchange Down Payment Purchase
Hello - I am looking to do a 1031 Exchange and utilize all of the proceeds from the sale as a down payment on several new properties. Is this possible or will the new properties have to be paid in full, all cash?
Example: I sell Property A for $1MM. Then I use the proceeds as 5 separate down payments of $200K for properties B,C,D,E, and F respectively.
Please let me know and thank you in advance.