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All Forum Posts by: David Cheng

David Cheng has started 1 posts and replied 2 times.

Post: Need help with 1031 options

David ChengPosted
  • Posts 2
  • Votes 1
Quote from @Cory Rickard:

Hi @David Cheng. I am in Spokane and I think the SFH rental opportunity over here is still pretty good. From the channels that I am involved with, renters are begging for places. I have already seen home prices starting to come down a bit, so I think the cash flow opportunities are improving.

Anyhow, that is my input and experience over here on the eastside.  Not sure about other markets.  Perhaps your CPA can help you with an Opportunity Zone investment if you don't want to take the hit on the cap gains and don't need the money for a while.

Hi Cory. Any suggests on areas in Spokane to look into?

Post: Need help with 1031 options

David ChengPosted
  • Posts 2
  • Votes 1

I recently sold an investment property into a 1031 exchange and looking at replacements. I have a few options and would like get thoughts:

1. Retail (essential) DST with ExchangeRight that has 5% cash on cash return and an expected 2-5 year cycle. Anyone have experience with these sponsors?

2. SFH rentals in state of Washington. Not sure this is a good idea as cap rates are not great. Any advice?

3. Buy a MF property in Washington. Same as above, any advice?

Really want to expand my geographic diversification, but just dont have time to travel/and or understand other markets. What other options might I have? I have less than 35 days left to identify something. 

Thanks all.