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Updated over 3 years ago on . Most recent reply

User Stats

133
Posts
12
Votes
Gary B.
  • Hayward, CA
12
Votes |
133
Posts

1031 into primary home

Gary B.
  • Hayward, CA
Posted

i have a 5 unit investment property. I need to live in a good school district and need to move, however I do not want to sell my primary home. hence looking for option how can I move. questions:

#1 can i 1031 exchange 5 unit into a single family residence ? 

#2 is it possible that I rent exchange SFR from my LLC either on my or my wife's name and live there as a tenant for few years before making it my primary residence. - not sure if this is an option

#3 is there any other way i can 1031 into SFR for primary residence use.

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