Is now the time to 1031?

[Brent Crosby]

Hi All,

Not sure if it’s better to 1031 during a red hot economy like it is now or if it’s better to wait til things cool off.

I understand I’ll get paid more for what I sell and sell it quicker, but I have a higher likelihood of overpaying on purchase and/or buying something I shouldn’t.

My thought process is that as the 1031 clock starts when you sell it might be better to wait until things cool off so I’m more likely to find a decent deal. (Of course NO idea when that would be!). My property equity might go down at that time, but so should my future properties price (if in the same market).

Please poke any and all holes in my logic you can see. I’ve posted this to invite diverse opinions.