Hi Elaine! 1031 Exchange properties are those considered a like-kind by the IRS. This includes business real estate and land. So if you are selling a portrait studio, if the business owns the building and the land that it occupies, you may sell it and exchange for a rental property. However, it should be noted that you cannot sell the business itself in exchange for real estate. This will not work. The like-kind rule covers the equipment in a business, though it must be exchanged for like-kind business equipment, ie computers for computers, desk chairs for desk chairs, etc.
59 acre tract in rapidly growin... $1,400,000
12 Unit Brick Apartment Buildin... $239,900
4 Bedroom 2.5 bath 2 story Newe... $133,900
CASH FLOW 3 PLEX PROPERTY. $1,650,000
Absolute NNN Unsubordinated She... $1,360,000
8 UNIT LOFT STYLE TOWNHOUSE BUI... $560,000
Almost 10 Acres Multifamily Lan... $3,397,680
Commercial land for sale near P... $249,500
.074 ACRES ZONED GC - RETAIL LA... $2,750,000
Original California Ranch $3,350,000
11.22 ACRE CORE INDUSTRIAL Vanc... $15,511,000
Condo Bulk Sale in Multi-Famiy ... $1,050,000
Multifamily for Sale $130,000
Three Unit Property $87,000
Rio Linda Home under 90k ATTENT... $740,000
2.82 Acres - High Visibility Pr... $224,500
Model Home needs investor Build... $1,200,000
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