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Updated 3 months ago on . Most recent reply

User Stats

24
Posts
52
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Jake Hughes
  • Rental Property Investor
  • Columbus, OH
52
Votes |
24
Posts

Buy and Hold or 1031 Exchange

Jake Hughes
  • Rental Property Investor
  • Columbus, OH
Posted

My initial goal was to long term buy and hold but am thinking holding properties long enough so I do not get the capital gains tax and selling then 1031 exchanging to getting more properties or more expensive properties. 

What are your thoughts?

  • Jake Hughes
  • [email protected]
  • Most Popular Reply

    User Stats

    6,629
    Posts
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    Jonathan Greene
    #5 Starting Out Contributor
    • Real Estate Consultant
    • Mendham, NJ
    7,582
    Votes |
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    Posts
    Jonathan Greene
    #5 Starting Out Contributor
    • Real Estate Consultant
    • Mendham, NJ
    Replied

    1031 exchange sounds good in theory, but you need to do it in an area and at a time where there is inventory to choose from because once you identify the three properties, you have to close on one of them which is very difficult in a competitive environment. A lot of people who earmark for 1031 end up buying a property they never would have bought if the timeframe wasn't running. With that said, if you do it right, it's a recurring snowball that gets bigger and bigger.

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