Forming a joint venture after a 1031 exchange

[Daniel Suarez]

Hi all, 

I’m planning to do a 1031 exchange of a property under my name to another much expensive property that will need rehab. This new property will be also under my name but I’m planning to do a join venture with someone else to help me with the extra remodel costs. The property will still be under my name. Is this possible? 

If so, what would happen if in 5 years I decide to 1031 exchange the property again.

thanks in advance