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Updated almost 4 years ago,
How to 1031 exchange 1 to many properties within the timeframe?
Hi, trying to figure out logistically how to go about this plan. We wanted to sell one of our rental property in a HCOL area that’s about $1mil into multiple cash flow properties in out of state that is in the range of about $200k each. Our current rental only generates a few hundred dollars cash flow but we are sitting on a lot of equity due to the market appreciation in the area. We have started purchasing out of state properties separately but so far all are new construction. I am current in contract for a new construction that should be done in about 6 months. Will this property be able to be included in one of the exchange property? And how does one go about purchasing so many properties and have them all align to close simultaneously? I wish I can buy properties just like buying stuff on Amazon...