Looking to take profits and do a 1031 exchange for multiple properties.

BP,I have a quick and simple 1031 exchange question.

While you have depreciation owning real estate, less than 10% do a 1031 exchange so you end up paying those taxes when you sell so you just defer them - and for those investing $100k it’s not life changing money.There are many REIT’s and private funds that offer tax advantages as well.

At some point in the near future I will sell everything (small to medium properties in the $300K - $7M) and do a 1031 exchange (so I don't get slammed with taxes) into a handful of large income producing properties...hire a management company and call it a day.

If it wasn't your exchange officer then it doesn't matter. 

Banks and credit unions can also offer flexibility for investors that engage in strong relationship-building strategies, offering discounts and solid loans in exchange for borrowers willing to use the institution for other purposes (savings accounts, etc.).

Have you ever identified more than three replacement properties in a 1031 tax exchange?

Hi Patricia,I would recommend speaking to Realty Exchange Corp, they specialize in everything 1031 exchange and are based in Virginia.

Since the properties are in an IRR, any investments into STR will be based on 1031 exchanges.

Maybe 1031 exchange later.