How to go about selling properties to go towards buying the next

[Chris C.]

I currently have three properties I'm considering to sell as a package deal with them turning into headaches and using that to buy different properties my question is how to go about selling them without paying on the profit and would vacant property be able to be purchased or would it have to have a house on it? I know probably easy answers but still learning as I go

[Seth McGathey]

Generally to do a 1031 (tax free transfer of property) you need to identify the new property within 45 days of the sale of the old. And purchase the new one within 180 days. The new property also has to be of equal or greater value to the sold property. I am unsure if you can sell multiple under a single 1031. But I am pretty sure you can sell one and buy multiple. Either way, I would do some deep dives into 1031 exchange and make sure you really know the ins and outs. Because if one thing goes wrong, you are in the hook for all the capital gains taxes.