Trying to purchase a second property.

[Vinny Incognoli]

I currently own a rental property for about 10 years now. It is a condo though has appreciated over time and I was able remortgage a few years ago and utilize the money to purchase my primary home. So in essence I kind of broke the cycle of remortgaging to purchase another rental property. I can only benefit now when I sell this condo to do a 1031 exchange. I do not want to sell right now because it cash flows. I do not believe it is smart to sell this property and do a 1031 exchange though by doing so it would start the cycle over so that I would be able to remortgage the new property in a few years to purchase another one and continue to do so. I do however want to purchase another property and am looking for ways to do that. I was contemplating taking a loan from my TDA and that is when I came across the self directed 401K. I was thinking of rolling over money from my TDA into a self directed 401K though am not even sure if I am able to do so. The TDA is through my job. I do however have my own business where I am the only employee. Just a bit confused which route to take in order to purchase my next property. Thanks for your time and efforts.

[Lee Burns]

Do you have a time frame of when you're looking to utilize a 1031?  And although you said you're wanting to wait, have you looked for properties that cash flow better than what the condo is currently bringing in?