All Forum Posts by: Rachel Zhang

Thanks so much for everyone's inputs and help! I really appreciate you and our community.   Sorry that I did not response earlier,  I was busy getting a house on the market. Yes, Its holiday, but hope that San Francisco is still good to sell. 

The discussion further helps me to clarify my intention. I will keep most of the properties and cash out, and use the funds to buy multi units , probably out of states. But how to get the equity out is another topic. Lengthy loan procedure and documents ! But I will be gladly do it when I get a good percentage of equity out. I wont be thinking of selling properties if not for the difficulties to get cash out. In California , we have a local bank doing no-doc HELOC for investment properties, but they will only lend 50% of the market value. I tried documented loan, but income to debt ratio did not qualify me to borrow against every properties. I do not know how they looked at the numbers.

Will use the proceeds from this sale to 1031 exchange. Because this one I purchased last year, with a higher base. Thanks for reaching out to me, thanks for your information and help.  Will contact you the soonest !  

Rachel

Hi@ Leslie Pappas 

You are right on 2016 reaching the peak！ I have invested in DSTs with my after tax money. This time, I plan to use the proceed from a property sale to buy OOS opportunities. But as I understand, most DSTs can not accept 1031 exchange, unless I find my own apartment being the sole owner . If you have good opportunities , I am open.  Thank you. 

Thanks everyone for sharing.  I will  follow up with this  thread when I have my solution. 

Thanks Spencer!  You can become a member in a syndication. But then,  you are using your after tax money.  

Hello fellow investors, 

I would sell my investment properties in CA if not for challenges in finding decent replacement properties via 1031 exchange.  What are your strategies? Sell now to capture the market appreciation and pay capital gain tax OR try best to find OK replacement properties with compressed cap rate via 1031 exchange to avoid tax?   Maybe many people are wondering the same question. Love to hear from you.

@ Dave foster  Thank you for the clarification. Intent is a good word here. 

Hi Joe, Thanks for your reply. 

The main 2 questions are "Is there a minimum requirement for the length of the rental? " and " Must it be rented? " 

I do not see it in 1031 description. I purchased the house at a trustee sale. The " tenant" was the previous owner.  They got judgement on unpaid stay for many months.