1031 Exchange Question

[Dylan Hagen]

I have a single family home that I've been renting for 10yrs.  I am in the process of selling it and doing my first 1031 exchange.  Can I use a 1031 exchange to buy a duplex (multi family) or do I have to buy another single family home?

[Brandon M.]

You can 1031 it into any other “like kind” property. That can be single family, multi, self storage, commercial, office, etc. Even completely passive investments if you want. Just think of it as investment property for another investment property to make it simple.

If you need a good QI, I suggest you speak with no one other than Dave Foster . I think he was born on 10/31, his street address is likely 1031, and his middle name is probably “tenthirtyone”. Literally Dave eats, sleeps, and breathes anything and everything 1031 related.