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Updated over 7 years ago on . Most recent reply

Lue C.'s profile image
Lue C.'s profile image
Lue C.
  • from Cary, NC
  • Member since Jan 27, 2017
Connect

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41
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Lue C.'s profile image
Lue C.'s profile image
Lue C.
  • from Cary, NC
  • Member since Jan 27, 2017
Connect
Lue C.
  • Cary, NC
14
Votes |
41
Posts
Multi-Family and Apartment Investing

1031 Exchange on Multi-Family Syndication Deal?

Lue C.
  • Cary, NC
Posted

Hi,

I have invested in a multifamily apartment complex syndication deal. The Sponsors said when the Company (LLC) sells the property in 5 years, they would try to do a 1031 exchange and roll the proceeds of the sale into another deal. Is this possible? If yes, I would like to know how that can be done? The LLC that owns the current property will buy a "like kind" multifamily apartment - just like a single family house would?

Has anyone successfully done it?

Thanks!

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