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Updated over 7 years ago,

User Stats

47
Posts
19
Votes
Harris L.
  • Investor
  • Bay Area, CA
19
Votes |
47
Posts

Understanding Slightly Complicated 1031 Exchange

Harris L.
  • Investor
  • Bay Area, CA
Posted

I know I can ask the 1031 exchange experts directly here through private messaging but I think this can be a helpful conversation for some other members in the forum.

I have a business partner that we own a commercial real estate together 50/50 in Silicon Valley.

And both of us have our own residential rentals.

One of our conversation was to 1031 exchange our office condo to a multi-family 5+ property. 

However we are exploring other options will any of these work?

1. office condo exchange to 2 separate properties (property could be different types) both our names on both properties

2. office condo exchange to 2 separate properties one under my name and the other under his name.

3. 1 of my property, 1 of his property, office condo exchange to one multifamily apartment - adjust by adding capital so we end up 50/50.

4. 1 of my property, 1 of his property, office condo exchange to two multifamily apartment (one under his name and one under my name)

I'm sure there a several minor details that needs to be worked out but we are just in the brainstorming stage.

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