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.
Qualified Intermediary for 1031 Exchanges · St. Petersburg, FL · Member since 2013 · 9k+ posts · 9k+ votes
5y
@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.