Updated over 3 years ago on . Most recent reply
1031 exchange qualifications
Hi. i have a single family property in New york that i want to sell. i was wondering if i can do a 1031 exchange into a mixed use property or a commercial building?
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@Andrew Brown Yes you can. Just need to make sure you are buying for same or higher price as your property you are selling sells for. You can exchange any kind of real estate investment in to any other kind of real estate investment in to any state in the US. It is a federal tax code so it is state agnostic. There are other rules and guidelines I can help you with. What market are you looking to get in to? Cash flowing market or some other coast market?