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Updated over 1 year ago,
1031 Exchange selling investment
Looking into selling a rental property to use the equity built up buy another rental property and addition to that buy a property to house hack to get me out of renting situation. I believe from what I have seen that the 1031 wouldn't apply to the house hack as it is primary residence. As a 1031 exchange goes the property that I do purchase has to be equal or greater value correct? Can I buy multiple properties in 1031 from selling just the one?
Thanks