Selling My Multi-Family Primary Residence

[Victoria C.]

Hi Fellow Investors, I have a friend here in the state of Washington interested in selling their 4plex that they’ve lived in for almost 3 years. What is the best way for them to go about selling this property and will they have to pay capital gains tax? Also what are her options with using IRA or 1031 exchange? She’s unsure of how those could work. I’m just trying to help her get more information on this before they move forward with selling their property and this is something I’d like to know about for my properties in the future. Thanks in advance!

[Jared Boundy]

Glad you clarified @Dave Foster!  I learned something here.