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By Duane Duggan and Shannon Petrie, FrontDoor.com | Published: 7/03/2008
When your child has moved on (hopefully graduated), he or she can continue to live in the property, you can keep it as an investment rental or for your next child, or you can exchange it for a piece of investment real estate somewhere else.
For example, one family I worked with purchased a property for their first child who attended and graduated college. They did a 1031 exchange for a property in a different college town where their next child was going to attend school.
