All Forum Posts by: Janki Patel

Thank you @Joe Vesey. A follow up question I had was, does the tittle and deed need to be 50% in each partnership name ( 1031 investors and new investors) or can a new joint partnership be created with each group as 50% each owner to hold the property?

I have a partnership (1065) selling the property and 1031 into 3 different replacement properties. Can the selling partnership own 50% into the new properties and another partnership own the other 50%? All the cash from 1031 will be invested and the valuation of the 3 new properties is more than the replaced.