All Forum Posts by: Bob McKee

I think I may have found the answer to one of my questions here: https://www.realwealthnetwork.com/learn/1031-exchange/how-to-do-a-1031-exchange-rules-definitions/. Specifically: When using a Starker Exchange doesn’t have to be a 1-1 exchange. For example, you can exchange one property for multiple replacement properties and vice versa: you can exchange multiple properties and for one larger property. As long as the new properties are like your original properties, you’re good to go. Do yourself a favor and get a good qualified intermediary to assist you.

Here is a follow-up question. If I want to start an LLC to start doing my real estate investing (as opposed to in my name personally) should I do that before I sell current place and buy new one as exchange, after both transactions, or ideally in between? Thanks!

Hey all. Just joined and posting for the first time. I have historically made gains living in places then selling them. For the first time I am looking to sell a multi-family I never lived in and buy a new multi-family. My concern is that area I am selling and buying in are very different from a pricing perspective. So do any of you know if I can sell one 2-unit place to buy two or more multi-families? Or does it have to be 1 structure for 1 structure? If the latter, can the new place have both apartments and a commercial unit (like a bar)? Thanks all! Bob