Is this possible to do in a 1031.

[Mario Alexandrou]

I recently sold a property in Duluth MN, and have the money in a 1031.

Is it possible to buy more than one property. Using the money in the 1031 for the 20% down stroke on multiple properties.

Would appreciate any help in this matter.

Thanks in advance.

[Dave Foster]

@Mario Alexandrou, just so I make sure to not get on @Greg Scott's bad side :), you can use your proceeds any way you want.  In order to defer all tax you must simply purchase at least as much as your net sale.  And you must use all of your net proceeds.  Those proceeds could be used as down payments or a mix of leveraged and cash purchases.  It doesn't matter.  What you're talking about is what we would call a diversification exchange - selling one and use the proceeds to buy several.  A great strategy.