Investment property of any sort, whether it's a rent controlled ghetto-hole or a swanky highrise on Wilshire or a manufacturing bldg in Fort Worth are all considered "like-kind". I get avoid pissing away my profits in capital gains....for now.
The one thing that a 1031 seller absolutely must do is to make sure the upleg is of equal or greater value than the property(s) being sold and the mortgage debt is greater than or equal to that of the properties being sold.
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Fo SHizzle no DiZZle da 310s got Da SiZZle
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