Need bigger pockets helps

[Justin Garrett]

I currently own a town home in San Diego that I purchased back in early 2010 and have rented it out for the past five years. It is not a cash flow monster but has built up some nice equity in the last six years. So where I need help or guidance is I have been doing a large amount of research in to multifamily and would love to get small complex with my 1031 exchange that should be a little over $100,000. I also have another property with about 30,000 dollars equity. I would be working with about 130,000 but with compressing cap rates is it really worth getting in to the market also with the time constraints on the 1031 finding a closing a deal that fast I think might be trouble some. Should I look for other alternative ways to invest my money like notes. I am in military for at least another two years and would love to have a little passive income on the side making it easier to transition back to civilian life. I know it's a little all over the place but just really want to use the 1031 to avoid the taxes for now and hope to upgrade to more passive income.

[Rami W.]

Heloc the San Diego equity and buy in Virginia beach! Also sounds like you need to raise your rent if you are not cash flowing off your property bought in 2010.