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Updated almost 6 years ago,

Sean Ridlon's profile image
Sean Ridlon's profile image
Sean Ridlon
  • Contractor
  • from Melrose, FL
  • Member since Apr 3, 2016
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User Stats

131
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64
Votes
Sean Ridlon's profile image
Sean Ridlon's profile image
Sean Ridlon
  • Contractor
  • from Melrose, FL
  • Member since Apr 3, 2016
Connect
Sean Ridlon
  • Contractor
  • Melrose, FL
64
Votes |
131
Posts
1031 Exchanges

Noob 1031 question for you

Sean Ridlon
  • Contractor
  • Melrose, FL
Posted

Hello all,

I've only heard of 1031 exchanges casually. I have a SFR that is closing in the next 10 days and my brother asked me why I wasn't doing a 1031. I don't know why! Maybe I can't? The SFR was my primary residence for many years and has been for sale since 10/17. I have a significant percentage of equity.

Here's the question:

1) Can a primary residence be 1031'd into multifamily investment property/properties?

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