Updated 11 months ago on .
Most recent reply
presented by
SFH investment 1031 into MFH investment/primary?
Old unit: Have a single family home which is, and always has been an investment property. Planning to sell; approx 350k net.
New unit: 4-unit multi family in which 3 units (with existing tenants that will carry over from seller) will remain investment; I will move into (currently empty) 4th unit AND USE as primary residence with primary mortgage. Approx 800k
Can I 1031 old unit into the new units?
Most Popular Reply
Jonathan Greene
#5 Starting Out Contributor
Professional Services
Pro Member
#5 Starting Out Contributor
- Real Estate Consultant
- Mendham, NJ
- 7,806
- Votes |
- 6,751
- Posts
Jonathan Greene
#5 Starting Out Contributor
Professional Services
Pro Member
#5 Starting Out Contributor
- Real Estate Consultant
- Mendham, NJ
If you are moving into it, I don't think you can do a 1031. @Dave Foster will confirm, this is all he does. You can go investment SF to investment MF, but not from investment to primary I think.
- Jonathan Greene
- [email protected]
- Podcast Guest on Show #667
Zen and the Art of Real Estate Investing
9 Reviews
5.0 stars