Updated almost 9 years ago on . Most recent reply
SF Bay Area beginning investor looking to 1031 out
Good evening BP!
My name is Sophie and I have been passively following the forums on biggerpockets for several years. My goal is early retirement after paying for my kids' college, but I want to have something to do and keep making money after I retire, so I started looking into REI.
I own a small rental in SF Bay Area, but this market became very inflated and I’m thinking perhaps I should 1031 out of here. I also travel to Seattle quite a bit but this market is too very hot and difficult to enter.
Out of state investment is not my #1 choice. However, being a college mom, the idea of student rentals in college cities has recently crossed my mind. I'm still in the research phase, looking for advice on how to approach this particular type of investment. Syndication is also of interest for commercial REI.
I’m looking forward to learning from the BP community!
Most Popular Reply
@Jad Boudiab that's correct and for newer investors that is just what they are doing. Many of the ones I'm dealing with in my area are more seasoned or the baby boomers looking to downsize larger properties into condos or small multifamilies. They are most concerned with the tax shelter considering their high income levels and appreciation.
Let's connect! I'm always looking for out of state agents to have as referral partners.