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Updated over 2 years ago on . Most recent reply

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Jack B.
  • Rental Property Investor
  • Seattle, WA
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Want to offload 2 rentals via 1031 exchange, but interest rates..

Jack B.
  • Rental Property Investor
  • Seattle, WA
Posted

These properties were refinanced 2 years ago at 3.625%. Cap ex is coming up and I'm tired of dealing with HOA, I'd like to sell and buy something else, a mobile home park, multi family, etc.

But since I have to replace the debt due to the 1031 rules, I'll be stuck with a loan and huge payments. I'd like to pool the money from the sales with cash to buy something outright, but again, the 1031 rules.

Are there any other options for me?

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