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Updated about 7 years ago on . Most recent reply

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Jack B.
  • Rental Property Investor
  • Seattle, WA
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Have you diversified away from real estate?

Jack B.
  • Rental Property Investor
  • Seattle, WA
Posted

It's gotten to the point that I'm 1031 exchanging some of my rental properties for additional rentals. Started out turning primary residences into rentals but held them long enough in most cases that I now have to 1031. But I'm also at the point where I'm considering holding onto proceeds from some sales. I don't see huge upsides as there is only a few years left in the up swing and after transaction costs, it's not that fruitful to buy now and hold for another 5 years or so.

Also, I'm in earthquake country and insurance is a gamble at best as they may deny a claim. To top it off I am way of having all of my money in one asset: real estate. As such I'm considering putting more money into index funds instead of real estate to balance the portfolio out.

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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

Yes, I'm 'diversifying' out a bit as well. Mostly selling smalls as they become vacant. 2 last year and 1 so far this year. Taxes not too bad when I sell piecemeal. Will have to exchange soon though if I continue to liquidate. 

I'm doing a little stock trading and smelling the roses between naps. Been a long haul. Doing a little small business lending, getting a car that doesn't squeak or overheat. Matter a fact, it's too small to haul tools and too fast to give a rip.

Anyway, it's not a market timing thing for me (although it's been great on the sell side) as much as a career path cycle maturing. Maybe you're ready for something new, too, Jack?  

I'll always love RE and have my eye on 28 or so specific units, but sometimes 'diversifying' into an easy chair is ok for a while, too.

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