Keep in mind:#1) they are doing a 1031 exchange (selling 2 relinquished, and purchasing 1 replacement)#2) sale price is over $300,000.#3) it is almost impossible for them to do a simultaneous exchange on the same day.

In exchange, I'd love to pick your brain on your architecture experience.

I'm thinking of doing a 1031 exchange with it.

Is the best option to 1031 exchange?

You are giving them rights to the property in exchange for money.

You play with the idea of selling or at least exchanging, why not get a property evaluation going? 

You’re absolutely right—precision in communication is crucial, especially when it comes to construction and home improvement projects.

Otherwise you'd need to 1031 exchange it.You can research an investment-line of credit through PenFed as well.Refinancing at a 7.5% interest rate probably doesn't make sense.You could do a HELOC on your personal residence and use those funds towards an out of state investment.

I would like to see if I can put the money that I have put a side for investment property into a REIT and then when I retire from the military, would it be possible to do something like an 1031 exchanges into an investment property.

You can always reach me here - or message me individually and we can exchange contact info.