Planning to sell a long term rental condo, use 1031 and buy 2 condos

[Arthur Savery]

Investment Info:

Condo buy & hold investment.

Purchase price: $320,000

Currently have a long term renter, the rent pays the mortgage and other expenses but provides no cash flow. Planning to sell and 1031 into 2 similar properties in the Columbus, Ohio area in the next 1-2 years.

What made you interested in investing in this type of deal?

Conducted personal research.