Most standard MLS contracts now include a box check for 1031 exchanges. 

If you have never completed a regular 1031 exchange I can not recommend a reverse 1031 exchange.

I leave in the Greater New York Metropolitan area, precisely in Jersey City.

So yes you can exchange it to save capital gains taxes on $266k plus 19 years of depreciation recapture.

Hello there ! I’m looking to do a 1031 Ex w 300k down and 650 purchase price can anyone suggest areas that might cash flow w these numbers ??? Thank you ! I own single family homes but would love to venture into a mul...

I have it all set up for a 1031 exchange and I am now under the 45 day countdown.

I BELIEVE you can only exchange the real estate portion of your business.

There's a lot of suckers who attend these sales, particularly for the lower priced properties and that's precisely who you don't want to be bidding against.

However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.

They could give you a more precise estimate and help navigate zoning regulations and permitting.Let me know if I can help or if you want to discuss your plans further.Best of luck with the project!