Looking to sell 3 properties for 1031

[Denis Brown]

I have three properties I am looking to sell, going to use the proceeds for another property, where is the best place to connect with investors.  decent portfolio just trying to line up the closing all at once. total rents are 100k a new roofs professionally managed.  

1417 NE 8th Ter, Cape Coral, FL 33909 

 17371 E Carnegie Cir #373, Fort Myers, FL 33967  

1314 SE 40th Ter, Cape Coral, FL 33904 | Zillow -  

[Dave Foster]

@Denis Brown, what you're referring to is what we like to call a consolidation exchange, where you sell multiple properties and reinvest the proceeds into a larger investment property using all of those tax dollars.

Like what @Jason Zundel mentioned, your qualified intermediary has to be in place before the sale of your first property. If you can sell them in a portfolio like you mentioned, that will make the process much smoother as it could be treated as one exchange with one set of timelines etc.

But, being very familiar with the Lee County markets (we started our STR portfolio in Cape Coral way back when Dinosaurs roamed). I think you will get a premium selling those as individuals. That's not necessarily a problem. You'll just want to cluster those sales as closely as you can. Using long closing periods for your first sale. And short escrow periods for your latter sales. There's a lot of inventory coming on the market there now. But that can actually give you an advantage. If you manage to only sell two of them close together then you can still do a consolidation exchange of those two into something else. And still be able to do a 1031 exchange on the 3rd property when it sells. You're not held hostage to selling all or none.