Liquidating a San Diego condo Portfolio

[Dennis Nikolaev]

I got a mind-bending challenge.

I want to liquidate my 6 rental condos and move the funds into one larger property.
The condos are all over San Diego and the leases are all over the different months.
I can't imagine a reasonable plan that may fit into the 1031 exchange.

Unless I can sell the whole portfolio all at once with tenants in place. However, I never hear people do it.

I desperately need advice, how to accomplish it without losing much market value.

Dennis

[Dave Foster]

@Dennis Nikolaev, consider locking up your replacement property first through a Reverse Exchange.  This would then give you 180 days to sell all of your old condos and purchase the new property from the entity set up by the 1031 QI.

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