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Updated about 3 years ago on . Most recent reply
1031 exchange - from real estate to storage facility
does anyone know this law well? Would a storage facility million dollar property investment constitute a legal 1031 exchange? Sell an apartment building and move the $$ to a storage facility? thanks...Michael
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Dave Foster
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Dave Foster
#1 1031 Exchanges Contributor
Tax & Financial Services
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- St. Petersburg, FL
@Michael Ganovski, Any type of investment real estate can be sold and exchanged for any other type in a 1031 exchange. So a move from MF to a self storage facility would be fine.
- Dave Foster
The 1031 Investor
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