1031 Ex - paying for closing and rehab

[Levi K.]

Hello BP community,

Happy New 2014 Year!

Here what I have been thinking of:

I want to do 1031 ex on my 1bd/1bt condo. Can I use the money to:

1) buy the new property

2) pay for closing

3) and pay for renovation

Basically, I do not have money of my own (in saving) to spend on at all for closing cost, renovation....etc

Hope the question make sense!

Thank you,

Levi