Like-Kind Exchanges - 1031 - Experience?

[Michael Lebeau]

I currently am researching my options on potentially selling 1 or maybe 2 of my 3 family properties and rolling them into a new/bigger multifamily. 

One of the deciding factors is will I have to pay 20%-25% in property taxes if I roll the profits into a new multi-family property? 

My initial answer I got was "yes, I will have to pay taxes on all capital gains" - but then I found this - Like-Kind Exchange... 

Anyone familiar with this? https://www.irs.gov/newsroom/like-kind-exchanges-under-irc-code-section-1031

Thanks in advance!

[Matt K.]

I did a 1031, it's tax deferral so eventually down the line you'll pay taxes but not if you do the exchange.  With proper planning these can be extremely helpful, even more so if you're in a hot market (easy to sell) and buy off market (less competition).

@Dave Foster is a wealth of knowledge... lives and breathes this.