1031 exchange today with into a preexisting rental property!

4 Replies

Hello Folks, Can I sell a rental property and do a 1031 exchange into existing rental properties assuming the value of the investments remain the same. Thanks Chetan

@Chetan P. , @Drew Reynolds is correct. The only nuance that might be applicable is that if you own rental properties as tenants in common with other investor/partners it is possible for you to sell an investment property and purchase the remaining interest of the property. This only works when you own the property each as tenants in common. You can't purchase membership interest of an LLC that owns a property.