Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
1031 of single family to multifamily with one unit as primary res
My tenant is interested in buying a single family home that has appreciated quite nicely since our purchase. The numbers don't make much sense any longer as a rental should he leave or we were to refinance. I can also avoid some of the realtor fees with him as the occupant/purchaser. I currently am in a unique situation with Covid as I can work anywhere and am past the point of my current primary resident multiunit where I could again qualify for a primary residence loan. My question is can I do a 1031 exchange from this single family to a multifamily, with one of the units in the multifamily being my primary residence to qualify for the lower interest loan with less than 25% down?