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Updated 1 day ago on . Most recent reply

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Cal Hollow
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Looking to invest out of state into multi-family 4plex. I want to do a 1031 exchange.

Cal Hollow
Posted

I'm planning to do a 1031 exchange using a piece of land I currently own and reinvest the proceeds into a fourplex. Since this will be my first time pursuing this type of investment—especially out of state—I'm a bit unsure about how to build a reliable team to support the process. I'm looking for advice, insights, or any tips and tricks from someone with experience in out-of-state real estate investing and 1031 exchanges. Just a little bit overwhelming on the first go around. Any guidance would be greatly appreciated.

Thank you!

  • Cal Hollow
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    Min Zhang
    • Real Estate Agent
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    Min Zhang
    • Real Estate Agent
    Replied

    Sounds like an exciting move, Cal! Doing a 1031 into a fourplex out of state is definitely doable, it just comes down to having the right support around you.

    The key pieces are usually a solid agent or broker familiar with 1031 timelines, a local property manager who knows the area well, and a contractor or inspector you can trust. A good 1031 accommodator can also help keep everything on track from a timeline and paperwork standpoint.

    Take it step by step, ask a lot of questions, and lean on experienced folks where you can. You’re on the right path, Cal! Happy to keep the convo going and always down to share thoughts.

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