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Updated about 7 years ago,

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Michael Roorda
  • Grand Rapids, MI
0
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1031 question regarding partners

Michael Roorda
  • Grand Rapids, MI
Posted

1031 Experts.  Couldn't find an answer to this question and I have listened to Bigger Pockets podcast for a while.  Anyone know if I sell a real estate property, can I take the money I earn and invest it with partners and have that still qualify as a 1031?  So hypothetically, $20,000 in qualifying profits could be invested with 4 other $20,000 partners to buy a "like property" $100,000 house?  

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