All Forum Posts by: Joan Brazie

I have been in the single family rental market for 6 years, it's a love hate relationship. I have 4 rental properties,  1 is in escrow closing set for 11/10/17, the other going on the market priced to sell fast. I recently learned to avoid capitol gains i can use the 1031 exchange. I also learned I have to buy equal or greater. That being said I need a property around 500k

Questions

1) which would be a better investment,  multi family or commercial I am EXTREMELY handy and do nearly all improvement myself. 

2) what websites feature multi family / commercial property for investors?

I appreciate all opinions and help offered.

Lauren, thank you for your help,  I'm considering a multi family or commercial property.

Ok, just so i understand. I'm selling 1 house that has been a rental for 5 years, it was previously my residence. Closing date 11/10/17 It sold for 262.5, I should walk with 130k 

The other house has been a rental for 6 years, it's going on the market next week. Should get 220k and walk with 60k.

To take advantage of the 1031 exchange do I have to purchase one property for 482k? I was looking at properties under 300k so I can pay cash.

Secondly, we were going to stay at the new investment property 3 or 4 months to renovate. BUT we do have a large motor home we can use as our residence. 

I'm so thankful I found this site, thank you for your help. 

Thanks Roger, we will have approx 240k from the sale of both houses, we'd like to use it to buy 1 house cash.  We want to do a 1031 exchange. ALSO we plan on living in it for a few months while we are working on it, allowed? And if it is allowed how long

we want to buy a single family or townhouse for cash.

My husband and I are moving to Colorado Springs. We are selling 2 rental properties in Texas.  

1st question, can we use proceeds from the 2 investment sales to purchase 1 rental/investment property?

2nd we are diy'ers and will do all updating work. Can we live in the property while we do the work. If so, how long?

Thank you in advance