Where to buy replacement properties with my 1031 funds?

Buying & Selling Real Estate
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Where to buy replacement properties with my 1031 funds?

Malik R.
Stockton, CA 路 Member since 2017 路 44 posts 路 10 votes

I just sold a SFR in California Central Valley and have proceeds sitting with a 1031 qualified intermediary. California is too expensive to buy replacements. Which state/market should I look into to buy 3 properties (with about $120K in downpayment and closing costs for each) that can generate positive cash flow?

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Scott AllenBusiness Member
Real Estate Agent 路 Columbus, OH 路 Member since 2020 路 449 posts 路 471 votes
4y

@Malik R. I think you should take sometime to research Columbus, OH and other markets alike and see if you can make your goals work here. Best of luck peforming your 1031!

[email protected]614-698-1227
Reafco - Columbus, OH
WebsiteView Page
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  • Kailey Van Camp
    Rental Property Investor 路 Tallahassee, FL 路 Member since 2022 路 9 posts 路 1 vote
    4y

    Hey Malik, I sent you a message 馃槂 

    0Reply
  • Matt Giacinto
    Investor 路 Los Angeles 路 Member since 2021 路 94 posts 路 29 votes
    4y

    Hey Malik, I sent you a PM. I live in LA, but I dabble in Midwestern markets because that's where I'm originally from. Let's connect!

    0Reply
  • Scott AllenBusiness Member
    Real Estate Agent 路 Columbus, OH 路 Member since 2020 路 449 posts 路 471 votes
    4y

    @Malik R. I think you should take sometime to research Columbus, OH and other markets alike and see if you can make your goals work here. Best of luck peforming your 1031!

    [email protected]614-698-1227
    Reafco - Columbus, OH
    WebsiteView Page
    1Reply
  • Trent Ecklar
    Real Estate Agent 路 Columbus, OH 路 Member since 2017 路 203 posts 路 170 votes
    4y

    Central Ohio is a great balanced market for appreciation and cash flow. Capital City with THE Ohio State University, strong employment and growing rapidly. 

    1Reply
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