1031 exchange one property into multiple properties.

[Brant Richardson]

I will eventually inherit a house worth 700k which is owned free and clear. I would like to use the money as capital to buy many financed properties worth 100-150k each, so we are talking about making a lot of deals. There's no way I could possibly identify that many properties in 45 days.

Could I refinance the property and pull out 80% of the money and invest it at my leisure, then sell it and use the other 20% to conform to the 45/180 day rules?

Or maybe sell then buy the new properties with all cash and refinance later for further acquisitions.

Are there any tricks like that for extending my time to use all the money?

I know it would be easier to buy one large multifamily but I don't want to do that.