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Updated 3 months ago, 08/29/2024
1031 exchange-can I exchange 2 houses for the sale of 1?
If I sell a property for a certain amount, do I have to buy another property that is similar in price? Or can I buy 2 properties? For example, if a sell a property for 130K, but want to buy another for 65K, can I use the remaining 65K to put towards a 2nd property and still qualify for a 1031?