Advice on an 1031 Investment property
Hey ya'll, would appreciate some feedback:
I have 1031 money to invest...have name 3 properties already. The 3rd one is a duplex that with current rates will just break even (could cashflow once current leases are up and we can raise rents). The seller so far hasn't been willing to come down on pricing that would help make it cashflow right away. Since properties have been named ( and I can't look around for other ones at this point), would you recommend putting more money into property #2 (which is a new build turning into a STR, so will cashflow but not for a 8 months to a year) or pushing for this 3rd property? What creative options can anyone think of for me to bring seller (has been on market for 2 months and is now a bit high on the asking price with the cooling of the market).?!
Thanks so much!