Buying property from a "related party" requires careful consideration. The IRS has specific rules regarding related party transactions. Talk with your qualified intermediary about your specific situation.
Yes! This is called a reverse exchange. A reverse exchange is more complex but into out of the ordinary. Contact your qualified intermediary to establish an appropriate plan for your reverse exchange.
Your personal residence is not eligible to be included in a 1031 exchange. In some instances, the personal residence may be excluded from the exchange while investment property around the home is included in an exchange.
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