1031 Investment Strategies

[Keith Mintz]

I have been exploring the opportunity for 1031 exchanges in this market being that prices and rates are fairly high. I think the best approach to real estate investing in this market is to exchange your rental properties for better generating income properties with creative investment strategies. I have been working with a few investors to do this.

I wanted to see what other investors may think and what their approach has been to investing in this market?

[Trevor Schmitt]

1031 exchange is a great strategy in any market. Inventory is down, but you also have less competition right now which will help lock down a property. A great way to do this is to get into contract with an off-market property where you will have more control of the terms to help you navigate the exchange process successfully. 

The 1031 exchange timelines are clear and hard deadlines. If they are missed, you will completely lose out on the benefit of doing an exchange.