1031 exchange information

[Ian Russell]

Just had a question about doing a 1031 exchange.  I am looking at selling a property and buying another property in a state that  I will most likely move to in a few years. I would rent out the property for a while and eventually move into it?  Am I able to do something like this or can you not make a 1031 a primary residence? 

thanks

Ian

[Glenna Wood]

Yes to can do that as long as the new property is held for investment for a reasonable time. A few years would work so sounds like your plans will tick off all the boxes.