1031 exchange into Las Vegas or wait for a dip?

[Andrew Jackson]

I am moving from Eastern Utah to Las Vegas and have a duplex up for sale. Multiple offers have come in and like many of you I want to maximize my investment. I want to house hack into Vegas but I'm torn on 1031 exchanging and using a 203k loan into a 4plex that needs some work, once the work is complete refinance. Or 1031 exchanging into a 4plex that is basically turn key and finance with an FHA loan. Or save the profits of my sale, wait until the market dips, and invest in Vegas at a more ideal time? Or should I wait for the market to dip in Vegas before I sell my home in Utah?

Thoughts?

I understand most 4 units are in poor locations, and need work.

Can I finance a portfolio with 4 SF homes in it under with FHA?

Thanks for your input, I'll be doing some reading on FHA rules and the portfolio investment. Haven't found anything yet.