1031ing up to 1 M and need a new market

Member since 2025 · 6 posts · 3 votes

Moving from a 9plex in Colorado and want to move it into a new location. Was not happy with the headache of 9 units so want to downsize in number. 54 now and want fewer headaches so newer build is preferable. thnking a triplex or less or single family. Want a l andlord friendly state, cute, affordable, etc. I ventured into Arkansas on my last 1031 and that was a good experience, but want to do somewhere new and different. With all the choices out there, thought i'd see if anyone has places they love. if SFH, prefer 300 or less.

thank you!

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Dave FosterBusiness Member

Qualified Intermediary for 1031 Exchanges · St. Petersburg, FL · Member since 2013 · 9k+ posts · 9k+ votes

9mo

@Susan Kang, since you're not interested in reinvesting in multi-family, you could do what we call a diversification exchange, where you sell a larger investment property and reinvest in smaller investment properties in a 1031 exchange. This would allow you to seek better areas and keep a diverse RE portfolio. The beauty of the 1031 exchange will allow you to purchase not only property anywhere in the country. But also any type of investment real estate - whether commercial, multi-family, or SFR. And even certain kinds of passive real estate. Spread that 9 unit around and maximize your return that way.

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Kerry Noble JrPro Member
Investor · Indianapolis, IN · Member since 2018 · 2k+ posts · 1k+ votes
9mo
come on over to Central IN
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Caleb Brown
Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
9mo
Happy to chat on Kansas City, East of you. There's many CO clients that look in this area
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Dave FosterBusiness Member
Qualified Intermediary for 1031 Exchanges · St. Petersburg, FL · Member since 2013 · 9k+ posts · 9k+ votes
9mo
@Susan Kang, since you're not interested in reinvesting in multi-family, you could do what we call a diversification exchange, where you sell a larger investment property and reinvest in smaller investment properties in a 1031 exchange. This would allow you to seek better areas and keep a diverse RE portfolio. The beauty of the 1031 exchange will allow you to purchase not only property anywhere in the country. But also any type of investment real estate - whether commercial, multi-family, or SFR. And even certain kinds of passive real estate. Spread that 9 unit around and maximize your return that way.
The 1031 Investor5140 Reviews
Website View Page
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Jeff Roth
Real Estate Consultant · Ann Arbor, MI · Member since 2022 · 474 posts · 260 votes
9mo
Hi Susan-
Congratulations on having up to 1M to invest with a 1031 from a 9plex in Colorado!
You are looking for a real estate investment with fewer headaches and were thinking triplexes or single-family and looking for market suggestions for a landlord friendly state and affordable.
There are many markets in Michigan that match your investment criteria and would suggest considering duplexes as you should always have a rent check coming in but with fewer moving parts than the 9plex you are getting out of.
We have local property managers in each of these markets and the rest of the team to make your ownership and investment experience exceptional.
To Your Success!
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Bill B.
Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
9mo
Selling a nine-plex for $1M sounds like a deal for the buyer especially if it’s in or near a big/bigger city. Is it still listed are you under contract?
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- Susan Kang
  OP
  Member since 2025 · 6 posts · 3 votes
  9mo
  Quote from @Bill B.:
  
  Selling a nine-plex for $1M sounds like a deal for the buyer especially if it’s in or near a big/bigger city. Is it still listed are you under contract?
  
  just listed. https://www.zillow.com/homedetails/113-Midway-Ave-117-Pueblo-CO-81004/200127091_zpid/?
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Alex Olson
Real Estate Broker · Kansas City Metro · Member since 2015 · 2k+ posts · 1k+ votes
9mo
Kansas City is a great market. There are newer properties that don't have the headaches that older properties have. And they tend to be somewhat affordable here.
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