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Updated 11 months ago on . Most recent reply

Homework that needs to be done before i buy my first MultiFamily in San Diego
To all my BiggerPockets friends. I have 3 ( 1 condo +2 townhome) rental and one primary home (single family ) all in San Diego and for my rental portfolio of buying with my own money i am done. Next goal for me is to do my first multifamily( 4 unit) deal in San Diego either through 1031 exchange of my condo or (my cash + friends cash). What homework i have to do so i be ready in next one year? Real estate i know is all about location/location/loacation . For multifamily i know location will matter/ rent would matter/financing would matter. What else if any one has a nice flow chart and guide me i will appreciate.
Regards,
namal
Most Popular Reply

Hey Namal,
I too live in San Diego. I would be interested in knowing what submarket in SD you will be looking to purchase that 4-plex? Depending on the market you're interested in your looking at a mil++ for a 4-plex. I'm hoping you have enough equity in your condo to be able to complete a 1031?
Consider going out of state, I've been in Lansing, MI since 2013. You can still do a 1031 and get so much more for your equity.