Can I identify more than one replacement property in a 1031 exchange?
Getting Started
Texas investors can identify up to three replacement properties within the 45-day window, regardless of their individual value. JJ Gorena of The Trey Group walks through this exact scenario using a $1 million San Antonio-area sale: an investor could identify three properties at roughly $1 million each and choose the strongest one after underwriting, split the proceeds across one $1 million and two $500,000 properties, or divide evenly into three properties near $333,333 each.
That last option, Gorena notes, "would allow you to potentially move from owning one property to owning three properties" — a strategy some San Antonio investors use specifically to diversify out of a single large asset.
If you own property in the United States and expect to sell within the next year, the right time to start planning a 1031 exchange is now, not after you have already accepted an offer. Watch Episode 1 of "1031 Exchange, Explained" for a full walkthrough of the identification period, and reach out directly to talk through your specific property and timeline.
Watch Episode 1 of "1031 Exchange, Explained": https://youtu.be/Kmbth-XiI50
Schedule a consultation with JJ Gorena: https://calendly.com/treygroupcommercial/15min
JJ Gorena, The Trey Group Phone: 210-367-6024 Email: homes@thetreygroup.com
