SFR to Multifamily LP 1031?

[Ryan Houck]

Hello BP!  I’m new to 1031 exchanges and (fairly) new to BP.  

Is it possible to sell a single family residence (bought in 2010, rented since 2017) and 1031 exchange into (one or more) limited partnership(s) that own Multifamily (assuming it’s equal or greater value)?  Thank you!

[Account Closed]

I agree, Dave's advice is spot on. For a 1031 Exchange, it has to be a sale of investment real estate followed by a purchase of investment property. 1031 Exchanges involve a trade of real properties that are the same in nature or character, even if they have different qualities. So, for example, two lots of the same approximate size, value, and location could be exchanged under Section 2031 even if one was improved and the other unimproved.