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Updated about 7 years ago on . Most recent reply

Jimmy Domer's profile image
Jimmy Domer's profile image
Jimmy Domer
  • Rental Property Investor
  • from Hartville, OH
  • Member since Apr 2, 2018
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Jimmy Domer's profile image
Jimmy Domer's profile image
Jimmy Domer
  • Rental Property Investor
  • from Hartville, OH
  • Member since Apr 2, 2018
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Jimmy Domer
  • Rental Property Investor
  • Hartville, OH
3
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7
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Buying & Selling Real Estate

1031 Exchange Question

Jimmy Domer
  • Rental Property Investor
  • Hartville, OH
Posted

I understand the 1031 exchange basics.  I am hoping to use it for a rental I am selling to purchase another two properties.  Am I able to exchange with two different properties or does it have to be to one?  Also, how long do I have to identify a property(s) when using the 1031?

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    Lauren Speidel's profile image
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    Lauren Speidel
    • Qualified Intermediary for 1031 Exchanges
    • from Chicago, IL
    • Member since May 20, 2017
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    Lauren Speidel's profile image
    Lauren Speidel's profile image
    Lauren Speidel
    • Qualified Intermediary for 1031 Exchanges
    • from Chicago, IL
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    Lauren Speidel
    • Qualified Intermediary for 1031 Exchanges
    • Chicago, IL
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    Lauren Speidel
    • Qualified Intermediary for 1031 Exchanges
    • Chicago, IL
    Replied

    Jimmy Domer - as Joshua Wright mentioned, the total exchange timeframe is 180 calendar days. You have 45 days to identify potential replacement properties and another 135 days to close on at least one of the properties.

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