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Updated over 5 years ago on . Most recent reply

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19
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Sree Vad
  • JACKSONVILLE
3
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19
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1031Exchange and investing in MultiFamily as a passive investor

Sree Vad
  • JACKSONVILLE
Posted

I have a Condo, which I am planning to sell and do a 1031 Exchange for investing in MultiFamily as a passive investor. Thinking to invest around 150k in 5 or 6 investments of 25k thru Crowdfunding or via syndicators in Multi family investments.

If anyone can suggest  the modu operandi, what , how, how to choose intermediaries to use. Any DO's & Donts

What happens if there is any residual proceeds which are un-invested or if I invest more than the sale proceeds. Is there any limitations on investing in Apartments / offices/ hospitality/ senior housing/student housing .

Or is it a hassle.

Most Popular Reply

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Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
4,448
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3,700
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Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
ModeratorReplied

Depending on how it's structured it won't qualify for a 1031. Passive investing via a 1031 is tricky. 

DST (Delaware statutory trusts) do but Reit's don't.

Everything in between the answer is "it depends"

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Kolodij Tax & Consulting

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