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Updated over 9 years ago on . Most recent reply

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Chris E.
  • Investor
  • Florida
34
Votes |
202
Posts

New member from Southern California

Chris E.
  • Investor
  • Florida
Posted

Hello there, just joined from Southern California after finding BP doing a 1031 related search on Google.

We have a rental condo in Orange county that's barely paying for itself but had a major appreciation in the last 10 years, so considering doing a 1031 to out of state since CA is really not appealing to us anymore, and avoid capital gain taxes.

I was thinking about Colorado or Pennsylvania, just because that's 2 states we go for family or business on occasion so we know a little bit about the area, but now on BP I discovered you can buy turn-key anywhere in the US. Never heard of turn key until last week!

Through the 1031 we'll have to re-invest in the $350K range. The few turn key i looked up so far seem to be in the $50-100K range. I'm concerned that would really complicate things if I had to exchange into 4 or 5 properties, any advice ?

Anyway I've been listening to a couple podcasts a day, they seem to nicely fill up the socal commute each way... Great job Josh and Brandon!

Chris.

Most Popular Reply

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3,975
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2,728
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Matt R.
  • Sherman Oaks, CA
2,728
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3,975
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Matt R.
  • Sherman Oaks, CA
Replied

Welcome to bp! Check out turnkey-reviews.com too. Good luck!

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