1031 on 4 unit to Condo?

2 Replies

@Mike David , Yep. The definition of like kind is determined by the use of the real estate. Any type of real estate held for productive investment use can be exchanged for any other type of investment real estate. So as long as you'll be using that condo or townhome for investment purposes it would qualify.

And it is also permissable to use the new property some for personal use if it is something like a vacation rental.

It is the valuations that you'll need to watch out for.  If you want to defer all tax you'll need to purchase at least as much as you sell.