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Updated about 4 years ago,

User Stats

93
Posts
31
Votes
Craig Fitzsimmons
  • Investor
  • Victoria, MN
31
Votes |
93
Posts

A Few 1031 Questions

Craig Fitzsimmons
  • Investor
  • Victoria, MN
Posted

Can someone please remind me...

I can use 1031 proceeds from one property to acquire 3 new properties?

Can any of those new properties have a purchase price less than the property of which the proceeds are from?

For example, I sold a $150,000 duplex, and looking to acquire 3 new properties, two of which are $100,000 and one that is $165,000.

Any issues here?

Thanks in advance!!!

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