1031 Exchange for First Investment Property
I am doing a 1031 exchange and looking to purchase my first multifamily (2+ units) investment property. The clock has already started ticking to find a replacement property. I am working on financing right now for the difference. I have approx. 37% of a million to reinvest. I'm looking to fit a good investment. I am a NEW licensed real estate agent so I have access to the MLS. I am hoping to gain some advice, do's and don'ts and guidance. Thank you in advance.
Most Popular Reply
With 1031 timing pressure, focus on properties with solid rent rolls and recent inspections - saves weeks on due diligence. What markets are you targeting?