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Updated about 7 years ago on . Most recent reply

User Stats

14
Posts
5
Votes
Arch D.
  • Investor
  • Washington, DC
5
Votes |
14
Posts

1031 tax exchange to buy bigger property

Arch D.
  • Investor
  • Washington, DC
Posted

Hello investors,

i own two 4 units in washingtin dc.  The first one is worth around 550 and  i owe 355 and the second one is worth around 650 and i owe 337. im thinking about selling these properties and using the proceeds to buy a 20 to 60 units in Dertroit Michigan. is this a smart move? or should i reconsider? im also looking for commercial financing.

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