Sell and Buy Rental Properties
Hello BP,
I am planning on selling my primary residence in the near future which has plenty of equity built in. I understand that, as I plan on reinvesting the money, I need to use a 121 exchange to dodge the taxes. My dilemma is I don't just want to buy one property at an equal or greater value. I would like to buy multiple properties and not have to set aside a large portion of my earnings for the man. Is the only way out by purchasing a multi family unit? What do you suggest?
v/r,
Manuel