1031?

[Tyler Rodgers]

I'm not sure if this is the correct area for this, but I am definitely just "starting out", so here goes...

I want to sell my house and buy my first multi. Using a 1031, do I have to actually spend all the money I get from sale? I would like to us my home equity for a down payment, cash reserves, and maybe the start of my next down payment, but idk if this will hurt me come tax time. Thank you!