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Updated about 3 years ago,
Turnkey investment resources for Apartment and other non-SFR
Hi all, I am a newbee on this forum, hoping to get some guidance on my upcoming 1031 exchange.
Scenario:
I am selling my rental property with a 300,000 mortgage, and expecting to sell it in the range of 1,000,000, i.e. 30% LTV (simplified numbers with similar ratio).
I am planning to reinvest in with 1031 exchange and have a bunch of questions on that. This post is about alternatives to SFR turnkey investments.
I have only self-managed a couple of SFO Bay Area SFR rentals, and looking to explore alternatives after my 1031 exchange of one of those properties.
I have looked at a few turnkey or rental SFR investment sites such as roofstock (not sure if they are turnkey or just facilitate investments by providing rental estimates and guarantees based on as-is properties), doorvest, renttoretirement, and turnkeyinvestproperties.
Are there popular and/or convenient options to look for, buy and manage larger complexes (apartments, commercial etc.) similar to the above list of options for SFRs? I posted another question about leverage. Assuming that I can increase the leverage in my 1031 exchange, I want to explore options of one or two large purchase(s) with similar returns instead of buying 5 to 10 SFRs, but have no idea where to look for those, and how to analyze the deals and management.