To 1031 In A Tight Housing Market Or Not
I am selling a SFR rental property I have owned since 2008 and will realize a nice gain. All proceeds will go back into a new deal/s. Trying to decide if I should use a 1031 exchange, or take the tax hit and have cash on hand which I could use as down payments for more than one buy and hold property (multi-family) or a flip? Timing is everything with the 1031, and with limited supply here is Maine I may not be able to identify and property/s to make the 1031 work. If I can identify a deal while I am under contract for my SFR I will likely use the 1031 and then pull cash out later, if I can not identify a property while I am under contract I will just take the cash. Any suggestions? Thanks.