In a 1031 exchange, you need to go up in value, equity, and debt on your replacement property. With the amount of value that you need to match, it sometimes makes sense to exchange into more than one property.
For example, let’s say you are selling a condo and want to purchase 2 replacement properties, as well as a piece of land as a 3rd purchase with any leftover money from the sale. Is that allowed with a 1031 exchange?
Multiple Replacement Properties
The short answer is yes, you can purchase multiple replacement properties, as long as they are US real property and held for investment/business.