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Updated almost 4 years ago,
1031 Exchange from Residential to Commercial
Hi everyone,
I wanted to run this scenario by you to see if it’s feasible. If I house hack for the next five years and gather 5 properties could I then turn around and sell those 5 for a commercial property via the 1031 exchange? I know there are some rules involved however I’m not entirely sure what they are specifically and how they might affect this hypothetical situation above. Let me know if this strategy is possible and if it is, would this strategy be the most efficient way of scaling to commercial properties?
Thanks!