{
  "url": "sellingrealestateflorida.com/faq/what-kind-of-properties-qualify-as-like-kind-for-a-1031-exchange-in-florida",
  "name": "What kind of properties qualify as 'like-kind' for a 1031 exchange in Florida?",
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    {
      "name": "What kind of properties qualify as 'like-kind' for a 1031 exchange in Florida?",
      "@type": "Question",
      "acceptedAnswer": {
        "text": "For a 1031 exchange, 'like-kind' refers to the nature or character of the investment, not necessarily the exact property type. For instance, an apartment building can be exchanged for undeveloped land, or a commercial property for a residential rental. The most important practical tradeoff is that both properties must be held for investment or productive use in a trade or business, not as personal residences, which means a vacation home in Fort Lauderdale Beach might not qualify unless strictly a rental.",
        "@type": "Answer",
        "description": "Like-kind properties in a 1031 exchange are investment properties of similar nature, not necessarily the same type."
      }
    }
  ],
  "description": "Like-kind properties in a 1031 exchange are investment properties of similar nature, not necessarily the same type."
}