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1031 Exchanges
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Updated over 6 years ago on . Most recent reply
1031 Expert needed for Indiana/Kentucky
So my wife and I own a rental property in Indianapolis, IN that we are going to sell. We want to take the proceeds of sale and put toward a rental in our new state which we would be doing via the 1031 exchange. I know that you have to buy a like property for the 1031 exchange. Can we buy a multi unit property and live in one unit and the 1031 still work? Would this qualify? The rental in Indianapolis is not a multi unit. Thank you for any guidance.