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Updated over 7 years ago on .
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1031 into a house hack?
Can one do a 1031 exchange to purchase a multifamily property (2-4 unit) that will be owner occupied? I know it would be considered a personal residence but it is also an investment property. Gray area?
Thank you for all the help!
Most Popular Reply

1031 must be like for like. If you are purchasing with the intent to live in it as a personal residence, it would not qualify.
IF you purchased it as an investment property and later down the line converted it into a personal residence, there are ways to do that.
However, my guess is that you want to purchase it as a primary residence in order to have a cheaper cost of entry?? That would be a no-go. I don't think there's anything gray about it.