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Updated over 4 years ago on . Most recent reply
1031 exchange: investment property into your primary residence?
So I am about to cash out a large investment from the sale of an investment property and am facing 1031 exchange options.
I also recently sold my homestead and moved, now looking to purchase a new primary residence.
Is there an option to roll this RE investment $$ into the downpayment of my primary residence or is that not "in kind"?
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Pro’s will chime in but the way to do it is buy your new residence at the value you sold for, rent it for a few years (shows your intent to rent it), then move in.