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1031 Exchanges
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Updated over 7 years ago on . Most recent reply presented by

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Mariana Rojas
  • Chicago, IL
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Could I make a 1031 exchange and use as downpayment?

Mariana Rojas
  • Chicago, IL
Posted

Hi everyone,

I have one rental property and I want to find a way to finance a multi-unit building,  and I would like to know if could I somehow make a 1031 exchange and use as a partial or a down payment. Thank you.

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Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
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Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
Replied

You can 1031 as long as the new property is of higher value than your current property.

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