Selling properties to convert to stock investments. How can i avoid capital gain taxes.

[Jeremy Cooper]

Hi,

I currently own three multifamily homes in Jacksonville Fl. I'm new to this site, so if I leave out any needed information please let me know.

I will be relocating for work in 1-2 years out of state. I want to sell these properties off and reinvest the proceeds into some combination of stock/bond/mutual funds etc.

I own the properties out right (no mortgages) I would like to sell these without paying massive capital gains taxes. Is there anything like a 1031 exchange, where I take my capital gains and immediately reinvest them without paying taxes?

Thanks for your help,

Jeremy C.

[Michaela G.]

You could sell on 1031 exchange and then find some good deals wherever you'll be living, so that you can continue to self-manage