Seeking Multi-Family Investment Property for 1031 Exchange

[Stacie Casella]

Hi everyone!
We are looking for a multi-family (prefer 3+) property for our 1031 exchange. Need good cash-flow as previous property was providing that, but we are in it for the long term so appreciation is important too.

Would like class B/B- property. Ideally Midtown #Sacramento works location-wise, as it is only 90 minutes away from our home in the SF Bay Area. We already own property there, so we already have our team in place and can self manage.

Willing to go out of state to make the numbers work. #Boise ID, #Nashville / #Clarksville TN, #Austin / #San Antonio / #Houston TX, #Louisville KY, and #Dayton / #Cincinnati OH intrigue us. Sub markets to any of these locations might work too.

Any suggestions regarding properties in these areas would truly be appreciated.
We are both licensed realtors in California. We need to identify 3 properties by 7/15/2022. Deposit and loan preapproval in place so we are ready to buy on the best property we can find!

 

[James Wilcox]

Quote from @Stacie Casella:

Hi everyone!
We are looking for a multi-family (prefer 3+) property for our 1031 exchange. Need good cash-flow as previous property was providing that, but we are in it for the long term so appreciation is important too.

Would like class B/B- property. Ideally Midtown #Sacramento works location-wise, as it is only 90 minutes away from our home in the SF Bay Area. We already own property there, so we already have our team in place and can self manage.

Willing to go out of state to make the numbers work. #Boise ID, #Nashville / #Clarksville TN, #Austin / #San Antonio / #Houston TX, #Louisville KY, and #Dayton / #Cincinnati OH intrigue us. Sub markets to any of these locations might work too.

Any suggestions regarding properties in these areas would truly be appreciated.
We are both licensed realtors in California. We need to identify 3 properties by 7/15/2022. Deposit and loan preapproval in place so we are ready to buy on the best property we can find!

 

To find the right property for the 1031 exchange would definitely need more info. You have to fit in the box for 1031. Your 1031 Intermediary can help with that. @Luka Milicevic makes a good point of at least knowing the price point you need to hit.