1031 or not? What’s the better bet?

[Bob Foglia]

I have a general strategy question and I’d love to hear from those of you with way more experience than myself…

I have a single-family rental I want to pull my equity out of… I had planned to 1031 into a better market with better cash flow…but, the question is, what are you all doing? Are you thinking there are good odds of a market correction?

Would you 1031 into a new property that may well lose even more value? Or pay the capital gains and wait a little while and hope for a market correction?

I realize the longer you hold your cash in an inflationary time the less it’s worth… And I also understand interest rates could go up and it sounds like they probably will… But if the market corrects, I’d be able to purchase more after the correction… maybe? I guess that really depends on the market, doesn’t it?

Or maybe I should split it? Buy one or two properties now and hold onto the rest of my cash for a bit?

Thoughts?