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Updated over 3 years ago on . Most recent reply

Michael Ganovski's profile image
Michael Ganovski's profile image
Michael Ganovski
  • Investor
  • from Southport, NC
  • Member since Jan 13, 2016

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Michael Ganovski's profile image
Michael Ganovski's profile image
Michael Ganovski
  • Investor
  • from Southport, NC
  • Member since Jan 13, 2016
Michael Ganovski
  • Investor
  • Southport, NC
4
Votes |
13
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Off Topic

1031 exchange - from real estate to storage facility

Michael Ganovski
  • Investor
  • Southport, NC
Posted

does anyone know this law well?  Would a storage facility million dollar property investment constitute a legal 1031 exchange?  Sell an apartment building and move the $$ to a storage facility?  thanks...Michael

Birmingham, Alabama
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Dave Foster's profile image
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Dave Foster
  • #1 1031 Exchanges Contributor
  • Qualified Intermediary for 1031 Exchanges
  • from St. Petersburg, FL
  • Member since Dec 18, 2013

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Dave Foster's profile image
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Dave Foster
  • #1 1031 Exchanges Contributor
  • Qualified Intermediary for 1031 Exchanges
  • from St. Petersburg, FL
  • Member since Dec 18, 2013
Dave Foster
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Dave Foster
  • Qualified Intermediary for 1031 Exchanges
  • St. Petersburg, FL
Replied

@Michael Ganovski, Any type of investment real estate can be sold and exchanged for any other type in a 1031 exchange.  So a move from MF to a self storage facility would be fine.  

  • Dave Foster
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