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I’m Four Months Into a 1031 Exchange—Now It’s All About Finding the Best Deal in the Haystack
We are less than a month away from listing our Brooklyn, New York condo, which we bought for $375,000 back in 2004, the same week we got married. 20 years, two […]
Seven Reasons Why the Housing Market STILL Hasn’t Recovered From the Pandemic
The pandemic swept through the U.S. housing market like a tsunami. Radical price hikes and all-time low inventory accompanied massive migration away from pricey big cities. Four years later, the […]
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Buying & Selling Real Estate
HomeForumsBuying & Selling Real EstateCan I 1031 An Investment to Buy a Primary Residence?
Polo Vazquez's profile image
Polo Vazquez's profile image
Polo Vazquez
Pro Member
  • Real Estate Agent
  • from McAllen, TX
  • Member since Jan 17, 2017
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Polo Vazquez's profile image
Polo Vazquez's profile image
Polo Vazquez
Pro Member
  • Real Estate Agent
  • from McAllen, TX
  • Member since Jan 17, 2017
Connect
Polo Vazquez
Pro Member
  • Real Estate Agent
  • McAllen, TX
272
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364
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Buying & Selling Real Estate

Can I 1031 An Investment to Buy a Primary Residence?

Polo Vazquez
Pro Member
  • Real Estate Agent
  • McAllen, TX
Posted Oct 23 2020, 14:40

Hello expert CPA friends or Lawyers at BP!!
One of my clients recently asked me if he could sell an investment property (a rental) with a 1031 Exchange and use that money to buy a primary residence. I didn't know what to answer and was hoping somehere could help me.

Thanks in advance.

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