Is 1031 Exchange possible - Selling SF, Buying MF Commercial

2 Replies

Hi All - apologies if this question has been answerd in past, but trying to understand if selling a single family home (both side attached townhouse) and buying a commerical multifamily unit (more than 5 unit) - you can use 1031 exchange and not pay any tax on your capital gain of sold single family (townhouse)? 

@Sandy G. I would say the @Kyle Kadish summed it up very nicely; as long as the real estate is being used for investment purposes, type is of no consequence. As long as you have a qualified intermediary in place before the sale of your investment real estate and are careful to follow the 6 requirements for a 1031 exchange ( everything should go smoothly.