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Updated almost 4 years ago,

Philip Coiro's profile image
Philip Coiro's profile image
Philip Coiro
  • Flipper/Rehabber
  • Member since Oct 16, 2018
  • Posts 87
  • Votes 67
  • Experience 7 Yrs
  • Investments 2
Connect

User Stats

87
Posts
67
Votes
Philip Coiro's profile image
Philip Coiro's profile image
Philip Coiro
  • Flipper/Rehabber
  • Member since Oct 16, 2018
  • Posts 87
  • Votes 67
  • Experience 7 Yrs
  • Investments 2
Connect
Philip Coiro
  • Flipper/Rehabber
67
Votes |
87
Posts
Buying & Selling Real Estate

1031 exchange question

Philip Coiro
  • Flipper/Rehabber
Posted

My friend's parents are looking to do a 1031 exchange and he had a question I was hoping you can help me with.

They live in a 4 unit house which they purchased 40 years ago and it's currently under contract for 2.1 million. They are looking to 1031 exchange it into 3 single family houses, one for themselves and one for each of their daughters. Is this something that can happen?

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