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Updated about 4 years ago,
1031 Exchange need advise as to how I should split up proceeds
I will be ahead 150K upon 1031 sell completion and i'm moving that money into the idaho market (ada county near boise/meridian/nampa etc). Most interested in cash flowing but wanting to also best capitalize on this move while ensuring my rentals will cover themselves.
My thought was to take the 150K and get two newer homes in the $275,000 range (single family). And split 75K in between those two new purchases. My number's show this would cash flow doing it this way but wondering what other options would potentially be better.