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Updated almost 6 years ago,
1031 exchanging 150k down into Indianapolis. SFH's or Apartments?
So I'm strongly considering selling a rental property in Vancouver, WA where the equity is now over 150k and doing a 1031 exchange to buy property/properties in Indianapolis with no plan to occupy it. I already partnered with some folks down there to buy one place that we rehabbed and rented, but now I'm wondering about whether or not it would be better to 1031 this equity towards multiple single family homes or if I should try to go the commercial route and look at one 5+ unit property in that area.
Already know a good manager, just wanted to get a general consensus from other investors who maybe have dabbled in that market at various scales.