1031 exchange or pocket the gains?

[John Lee]

Hello BP community:

This is my first post so bear with me. 

I have done REI in Dallas for 5 years and I am currently selling a duplex netting over 100k having held the property for 3 years. In this current RE market (especially in DFW) should one pocket the money and take the capital gains hit, or 1031 exchange to a larger MF (4+)?

Thanks for y'alls input. 

[Dave Foster]

@John Lee, Wanna buy more real estate - 1031.  Wanna not pay tax but get more passive - Buy a fractional product in a 1031.  Wanna get cash and have fun but pay tax - No 1031.

Wanna have it all - Do a 1031 and immediately after the 1031 is complete refinance the property and take cash out - non taxable, you get cash, interest and depreciation deduction and the tenants pay the mortgage!