All Forum Posts by: Steven Wertheimer

Thanks @Spencer Taylor, I can see how 1031's can lead to some hasty decisions. I still have a lot of homework to do!

@Dave Foster Very helpful Dave, thank you! I will be looking into those options.

Thanks @Cherie Orellana , that is some great info. I'll be looking into Murray and rentler. I've heard things about Ogden, Bluffdale, Eagle Mountain as well and curious if anyone has opinions on those areas.

@Brad McBride 8% return is seeming more like a long-shot, I've been becoming more aware of this every day it seems! Thanks, I will most likely get ahold of him if/when we decide on the Salt Lake City area.

Thanks @Jaiden Olsen, I will definitely consider!

@Dave Foster Thanks so much for your response and thoughts! It seems like the good cash-flowing properties in B+ neighborhoods would require some special connections- I will continue checking the MLS. Exactly, saving on the deferred taxes is great- however we will have a time limit to work within for transferring equity into rentals which is a little daunting.

Do you mind telling me about the debt free passive products that are 1031 compliant? I am still very much a beginner when it comes to the different avenues to deal with the 1031. Thanks again.

-Steven

Hello BiggerPockets community!

I am currently helping my family to make a decision regarding moving assets from a 1031 exchange (home was bought in the SF Bay Area over 30 years ago as a primary residence, and later turned into a rental). Needless to say, the capital gains will be massive, hence spreading most of the sale of the home into other rentals.

We have been looking into parts of Utah (near Salt Lake City) and Idaho (near Boise) for sfr's or multifamilies investments and would like to stay in B or A neighborhoods. These areas seem to have good prospective job growth/diversity, low in natural disaster, and good natural resources. Also they are somewhat close to the West Coast (where we reside). I'm hoping to visit these areas soon and was interested if anyone had some insights regarding this rough plan considering our time constraints and where the market is at this time.

We're looking at all-cash, and most likely will not be self-managing (at least for now). Cash-flow is important (hoping 8%+ COC), but the prospect of buy and hold matters. Maybe what we are hoping for is a long-shot regarding the areas we are looking at, so we may be looking to other states.

Thanks,

-Steven W