edtarboosh
Junior Member
I live in MD, USA. I am considering selling some rental property and investing in more expensive rental property. My situation seems to conform with all the rules I've read but the rules I've seen are silent on one key issue that I fear might prevent compliance. I want to transfer the funds to build a rental property on land I already own. Assuming the cost of the building (not including the value or cost of the land) exceeds the proceeds from sold real-estate, can I do a like-kind exchange and if so, are there any special precautions or steps I must take?