Can I do a 1031 exchange into a multifamily property?
Good question.
Yes, but it will require some additional steps. You would need the general partner that is syndicating the purchase to agree to let you come in as a tenant in a common investor (TIC) instead of a simple limited partner.
Most general partners don’t want to do this if the amount of money you are placing is some smaller amount like 100,000 but if you are talking about 500,000 to 1,000,000, then, yes, this can be a good option.
I offer education and training to landlords, engineers, doctors and dentists, and many others that would like to learn how to enjoy the benefits of multifamily as quickly as possible. If that sounds interesting contact my office by going to www.benjaminzmiller.com and fill out the contact form.
If you want to learn how to invest, you should register for my free weekly investor meeting to learn more:
https://www.meetup.com/benjamin-z-millers-investor-networking-group/
I hope that helps and good luck with your investing!
Benjamin Z Miller
www.benjaminzmiller.com
1-817-203-4160
ben@benjaminzmiller.com
https://www.linkedin.com/in/benmillersells/
https://twitter.com/BenjaminZMiller
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