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Updated almost 6 years ago on . Most recent reply
Should I invest in mult-family?
I have owned (2) single family residence and (1) commercial building for several years. The commercial property is paid off and the SFRs have low mortgage balances.
I have positive income on all the units. I’m have been considering selling all three and investing in multi-units (5-20) units, using 1031 exchange. However, I’m not too familiars with multi family property. Is it a good move? Thanks in advance for your input!
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Matthew Irish-Jones
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- Real Estate Agent
- Buffalo, NY
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@Roberto Moita you can reinvest in opportunity zones. They seem to be a better option than a 1031 exchange currently.
- Matthew Irish-Jones
Irish Jones Realty
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