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Updated almost 4 years ago on . Most recent reply

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Ishmael Johnson
  • New to Real Estate
  • New York
29
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196
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1031 exchange questions

Ishmael Johnson
  • New to Real Estate
  • New York
Posted

With the 1031 exchange

Do you run numbers as usual on “like kind” properties and then present them to a lender?

How would that work being that I wouldn’t need the purchase and renovation cost to be covered completely by the lender?

What is the most advantageous way to do this as an investor, use the proceeds from the exchange to cover the purchase price?

Is it possible to use one realtor to list and another to locate the like kind properties ?

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Replied

Dave, can you sell multiple investment properties and use the proceeds to purchase a single investment property in a 1031?

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