Multiple Single Family 1031 exchange

[Ratesh D.]

Hi, I have several Single Family homes that I am thinking about selling and buying a multifamily. I want to avoid any taxes on the sale and have read about 1031's which make sense for selling a single property for another, but does anyone have advice on how I might accomplish this with several properties to sell? Thanks!

[Michael Torhan]

Hi Ratesh,

1031 exchanges are performed between multiple properties (i.e. multiple properties for one property and vice versa, single property for multiple properties) as long as all of the 1031 requirements are met. It would probably be good for you to speak with your accountant as well as some QIs (qualified intermediaries) about the best plan of action for a successful 1031.