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Updated over 7 years ago on . Most recent reply

Cathie Kovacs's profile image
Cathie Kovacs's profile image
Cathie Kovacs
  • Rental Property Investor
  • from Stamford, CT
  • Member since Oct 5, 2017
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153
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Cathie Kovacs's profile image
Cathie Kovacs's profile image
Cathie Kovacs
  • Rental Property Investor
  • from Stamford, CT
  • Member since Oct 5, 2017
Connect
Cathie Kovacs
  • Rental Property Investor
  • Stamford, CT
75
Votes |
153
Posts
Multi-Family and Apartment Investing

NACA with 1031 Exchange?

Cathie Kovacs
  • Rental Property Investor
  • Stamford, CT
Posted

Hi everyone. 

I have a NOO 3 family (soon it will be the only property that I own) and have been considering a 1031 Exchange to buy an OO multi-family. NACA requires that applicants not own other real estate in order to qualify.

My question is this...

Once the existing 3 family transfers to the QI, it’s officially out of my name and I would qualify, no?

Trying to figure out how to take advantage of this program. TIA

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