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Updated 5 months ago,

Chandra Faulk's profile image
Chandra Faulk's profile image
Chandra Faulk
  • New to Real Estate
  • from Muskogee, OK
  • Member since Dec 15, 2023
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User Stats

11
Posts
3
Votes
Chandra Faulk's profile image
Chandra Faulk's profile image
Chandra Faulk
  • New to Real Estate
  • from Muskogee, OK
  • Member since Dec 15, 2023
Connect
Chandra Faulk
  • New to Real Estate
  • Muskogee, OK
3
Votes |
11
Posts
Tax, SDIRAs & Cost Segregation

1031 exchange-can I exchange 2 houses for the sale of 1?

Chandra Faulk
  • New to Real Estate
  • Muskogee, OK
Posted

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?

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