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Updated almost 6 years ago,
1031 exchange owner occupied unit
Hello: I am selling my owner occupied two family home and buying a single family home. Similar value and mortgage on the properties. I am planning on converting part of my new primary home into an accessory apartment and renting it out. Is there any way that I can use a 1031 exchange with this sale and purchase. In my current two family the ratio of living space to rental space is 55/45. In my new home it will be 80/20.