David Moore of Equity Advantage, nationally recognized leader in 1031 Exchange facilitation, answers whether 1031 exchange options allow investors to exchange for property in another state., answers whether you can use a 1031 exchange to exchange a single property for multiple properties.
I think this issue is probably one of the big misunderstandings in the code, and the answer is dictated by the identification rules. There are three different identification rules. Anyone who has been through a 1031 exchange probably is aware that timeline and ID rules are the biggest headache with any transaction, but each ID rule works independently of the others. – David Moore, Equity Advantage
If you’re thinking of selling your property, work with a broker who understands 1031 exchanges. Call René Nelson at 541-912-6583.