Online House Hunting

Options with a 1031 exchange? Looking to trade.?

I have a rental condo in Austin, TX with about 40k in hard equity based on the last sale in my complex. I basically want to trade it for a house or land in Las Vegas and rent out all the rooms using it as a business. Can I trade it for anything, anywhere? Is there a place where 1031 exchangers meet up? I've been reading about it but the info is just to vague for me to get it.

Public Comments

1. a; 1031's are common to those who handle it daily. b; some traders will accept your deal c; now for the hard part-- zoning; YOU may not NORMALLY trade into a house for the purpose of renting out rooms within the house to be used as businesses by others. That requires CO, C1 or C2 zoning same with the land. county planning people are hired with the task of creating the smoothest layout of their county to accommodate houses, sewage dumps, lakes, auto repair facilities, pig farms and all the crappy but needed businesses and for luxury homes as well. IF we did not have zoning laws, a pig farm could move next to your new house [if yours was on an end of a row] Seek out a 1031 for a commercial prop or--buy a commercial prop and use, FOR THE down payment, the equity in your home. [condo] I can help