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Casey Kernan
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1031 exchange to multi family units

Casey Kernan
Posted

Have two SFH in different states. Both are paid off and 1 is under property management. Considering selling both and consolidating into multi family unit vs commercial building. I Realize timing this and doing a 1031 exchange could be tricky but want to scale wealth. For those of you who have done this. Any advice? What worked for you?

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Alex Olson
  • Real Estate Broker
  • Kansas City Metro
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Alex Olson
  • Real Estate Broker
  • Kansas City Metro
Replied

I have helped similar situations for investors often - two different states and multiple properties. Key is getting the closing dates almost exaclty the same to make it easy on your ID period. 

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