Can I do a 1031 exchange in such a way that the funds in escrow

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>>1025652

No. But you can use multiple properties to purchase one. Its exactly like monopoly.

I didn't really even consider taxes when I started doing this. Bought it for $23k, put in about another $30k, and probably selling for around $140k. How boned will I be if I don't do 1031? Also, can a 1031 be used to sell a single family home and buy a multi family or apartment? Assuming the original house was always an investment property.

>>1025652
Yes

>>1025660
If you are trying to stay investing in real estate the 1031 is your only viable option. You can buy almost any type of real estate with the funds.

>>1025660

Just live in it for two years and sell tax free m8

>>1025670
Don't 1031s apply to investment properties?

>>1025652
Yes.

>>1025660
Really boned. Like mandingo level boned.
And yes.

>>1025680
Yes. But if you live it in 2 out of 5 years, you can invoke Section 121 and, poof, its no longer investment property.