However, I am dealing with a lot of 1031 exchanges and investors buying raw acreage quickly here in Colorado.

Therefore, you may struggle to cover expenses from rental income until the current lease expires and you sign a new rental agreement.Selling rental properties in high-tax states in exchange for a similar property in a more landlord-friendly state is a common practice for rental property investors.7.

@Bob Regent it would be great to have a quick call and exchange notes.

I run a call center for Real Estate where we call for investors and I can tell ya, your best bet with such limited time is cold calling targeted lists (high equity within your buy box) for 3-4 hrs every day.

They didn't reply to messages explaining that there is new owner's and with said exchange of information.

You bet!

Your best bet right now is to live in it and enjoy it as your primary.

Perhaps unprecedented back to back hurricanes will mean that all bets are off and the demand metrics will change moving forward...

If you're in the market for a new property having that 700k sold using a 1031 exchange is a good way to get into something new.

Quote from @Alex Todd: Hi all - my wife and I are planning on a April 2025 1031 exchange into a larger (for us at least...like 5-8 units) multifamily unit.