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1031 Exchanges

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Dave K.
  • Rockford, MI
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33
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1031 single family to multi unit? timeline?

Dave K.
  • Rockford, MI
Posted Apr 2 2015, 10:21

I am selling a single family home, that i have bought and fixed up over 14 months.  did not live there.  i would like to buy a multi unit (4) and roll the money into that.  just found out we may be closing tomorrow..    am i too late?   Waiting to here back.   I am ready to buy a new place next week, is that possible with 1031?  I am looking at $5k in taxes.   

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