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Updated over 4 years ago on . Most recent reply

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Adam L.
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82
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1031 exchange: investment property into your primary residence?

Adam L.
Posted

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"?

Most Popular Reply

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Mark H. Porter
  • Investor
  • SC NC, VA
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Mark H. Porter
  • Investor
  • SC NC, VA
Replied

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.

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