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Updated over 3 years ago on . Most recent reply
1031 Exchange into a House Hack??
I have a client who is in the process of selling an investment property in Miami and is looking to 1031 into a property in New Jersey where she currently resides. My question: is it possible to 1031 into a multi family, living in one unit and renting out the others? We have been looking at possible 2 or 3 family properties in the New Jersey area.
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
Yes, I believe as long as the “non owner occupied” portion of the multi qualifies as to price and cash reinvested. @Dave Foster?