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

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Margaret Buoncora
  • Rental Property Investor
  • Poughkeepsie NY
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27
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How can I coordinate selling multiple properties for a 1031 excha

Margaret Buoncora
  • Rental Property Investor
  • Poughkeepsie NY
Posted

I have 4 single family houses I want to sell to trade up to a multifamily. How can I coordinate this to take advantage of the 1031 exchange? 

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Jessica Zolotorofe
  • Attorney
  • New Jersey
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Jessica Zolotorofe
  • Attorney
  • New Jersey
Replied

You can only trade out of one property but into multiple. The only way I see of doing this is opening an exchange for each of the 4 sf properties and buying a 25% TIC interest in the multifamily for each. I can't tag him for some reason, but try contacting Dave Foster to make sure that would work.

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