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Updated almost 4 years ago on . Most recent reply

Richard Quijano's profile image
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Richard Quijano
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  • from Chicago, IL
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Richard Quijano's profile image
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Richard Quijano
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  • from Chicago, IL
  • Member since Aug 4, 2018
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Richard Quijano
  • Investor
  • Chicago, IL
10
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25
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Buying & Selling Real Estate

Is now the time to 1039?

Richard Quijano
  • Investor
  • Chicago, IL
Posted

I have 5 properties with 4 of them paid for in Chicago, Illinois.  I owe 185K on the fifth one with a recent appraisal of 680K.  I am thinking it might be a good time to 1039 into something bigger.  Go from 8 total units to 12+.  

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Joe Splitrock
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Joe Splitrock
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Joe Splitrock
  • Rental Property Investor
  • Sioux Falls, SD
ModeratorReplied

@Richard Quijano you are probably better off doing a 1031 exchange. 

  • Joe Splitrock
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