MOVING INVESTMENTS TO FL

[David Siders]

I have only done one 1031 exchange. We have 7 SFH in Ky leased to tenants and want to move our investments to Fl. The homes are free and clear. I just stumbled onto this site and want to start learning how to do the obvious, investment the money wisely in income producing rentals and avoid taxes. I can find several local investors who will likely buy my assets in Ky. Is it likely they will let the purchase escrow sit to give me more time to locate 1031 properties in Fl. Should I buy multifamily properties or single family homes. I am 57 and don't really want much risk or hassles and am willing to sacrifice greater returns. We also have owned a property in Orlando for 2 years that is appreciating well but the cash flow is not great.

[Tom Gustafson]

@Brandon Reed - Thanks very much for thinking of me! @David Siders - Hello! I'd be more than happy to help shoud you need a 1031 resource. As per usual, @Dave Foster is right on and he would take great care of you as well. Thanks David! Let me know if I can be of service.