When to 1031 small portfolio.

[Kadeem Kamal]

I purchased a 3 unit building in 2018, a 2 unit in 2020 and another in 2021. While Redfin isn’t the most reliable source for estimating the values it indicates that I have about 400k in equity. About 250 in the first three unit, 100 in the first 2 unit and 50 in the second. 

My goal is to 1031 the entire portfolio into a single large multi unit. Ideally I’d want to purchase in the same area my properties are currently. I’m benefiting from being really close to the site of the soon to be finished Obama library. 

I don’t know if I should wait until the library is finished where I’d be selling at the top of the growth stemming from the library. At that point I’d also be purchasing at the top of the growth if I stay in the same area. More importantly, I’m super hesitant with the idea of the 1031 given that both the purchase and the sell need to be coordinated together. 

Does it make sense to wait? Are there any newbie 1031 exchange resources? Are there any other things I should be considering?