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Updated 11 months ago on . Most recent reply

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Josie Sevilla
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Buying & Selling Real Estate

Advice on 1031Exchange

Josie Sevilla
Posted

I have a single rental property in CA which is paid for. Will it make sense to do a 1031 exchange to condo/condos in Honolulu? Zillow shows it’s estimated at $772K. I’ve checked Honolulu and seen condos as low as 250k  ( studio/condotels) to 700k. Will really appreciate any advice/feedback. Thank you much! 

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Josie Sevilla
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Thank you, Dave for replying. Yes, I noticed the range of HOA dues, surprising since it doesn't seem to be based on the price of the unit. Understandable on some with amenities they have.

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