Would this be scaling too fast?

[Rob Bianco]

I’m about to do a 1031 exchange in the next 45 days of upward of 1.5million (30% downpayment) with financing.

I also own 4 duplex’s that outright that I wanted to cash out refinance which could boost my purchase power to basically 3million but I don’t want to put myself in a position of being over leveraged

I figure maybe it makes sense to do the 1031 exchange, use my other properties as a safety net against my debt, and then in 6-8 months proceed with the refinances of my duplexes and buy more real estate... Thinking July 2021.

I can’t tell if I’m being smart and conservative or just being a scaredycat. Someone let me know...

[Anthony Gayden]

Originally posted by @Rob Bianco:

I’m about to do a 1031 exchange in the next 45 days of upward of 1.5million (30% downpayment) with financing.

I also own 4 duplex’s that outright that I wanted to cash out refinance which could boost my purchase power to basically 3million but I don’t want to put myself in a position of being over leveraged

I figure maybe it makes sense to do the 1031 exchange, use my other properties as a safety net against my debt, and then in 6-8 months proceed with the refinances of my duplexes and buy more real estate... Thinking July 2021.

I can’t tell if I’m being smart and conservative or just being a scaredycat. Someone let me know...

I don't think you are scaling too fast. My only recommendation would have been to do the cash out refinances before you sold your property and did the 1031 exchange. That would make it far easier to work within the timelines.