All Forum Posts by: Kathleen Brady

I’d say the market is tight even if you are paying in cash. I decided to gamble on appreciation and overbid on a duplex that will have good cash flow in Oak Park after losing another all cash deal (I bid all cash, over asking and was outbid by a buyer with similar terms with an offer “well above” mine on a different property in the same neighborhood. I needed to do a 1031 exchange and the clock was ticking. My thinking was that I felt better about possibly overpaying than sending a boatload of money to the IRS. It was my first 1031 and I just shifted out of the Bay Area market so it has been a learning process for me. I might have been able to get a better deal if I had more time and didn’t need to absorb so much information so quickly but so far, no regrets.