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Updated over 3 years ago on . Most recent reply presented by

Lynette P.'s profile image
Lynette P.'s profile image
Lynette P.
  • New to Real Estate
  • from CA
  • Member since Mar 18, 2021
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24
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Lynette P.'s profile image
Lynette P.'s profile image
Lynette P.
  • New to Real Estate
  • from CA
  • Member since Mar 18, 2021
Connect
Lynette P.
  • New to Real Estate
  • CA
8
Votes |
24
Posts
1031 Exchanges

1031 Exchange - max on purchase price?

Lynette P.
  • New to Real Estate
  • CA
Posted

Hello RE Geniuses! Forgive me if this is a lame question. I understand the purchase price needs to exceed the sale price of the investment property. But is there a max dollar limit? If I sell our rental property for $500K, can I do an exchange by purchasing a $2M investment property? Thanks in advance!

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Lynette P.'s profile image
Lynette P.'s profile image
Lynette P.
  • New to Real Estate
  • from CA
  • Member since Mar 18, 2021
Connect

User Stats

24
Posts
8
Votes
Lynette P.'s profile image
Lynette P.'s profile image
Lynette P.
  • New to Real Estate
  • from CA
  • Member since Mar 18, 2021
Connect
Lynette P.
  • New to Real Estate
  • CA
8
Votes |
24
Posts
Lynette P.
  • New to Real Estate
  • CA
Replied

@Bill B. Newbie here.. but a fast learner! :D Thanks for the reply.

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