Buying & Selling Real Estate Discussion

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Caleb Rowe
  • Rental Property Investor
  • Litchfield Park, AZ
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Should I use a 1031 to get into MF?

Caleb Rowe
  • Rental Property Investor
  • Litchfield Park, AZ
Posted Jun 3 2022, 11:36

Hey everyone,

I own a couple of properties in the Phoenix, AZ area and I am thinking about selling one of them and using a 1031 to get into some mid-large multifamily in Western NY where I own a couple of properties as well. My ROI is pretty good on the unit but since the value has skyrocketed in the past 2 years my ROE is looking pretty rough. Property is cash flowing nicely and I have good tenants in place but with my equity in the house I could be buying some 8+ unit MF.

Thoughts?

Upstate New York, New York

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