My first 1031 exchange!

[Frank Rubino]

Hello Everyone!

I'm so excited to complete my first 1031 exchange!  I'm selling 9 Glen Ave, Unit 20, Chelmsford MA 01824. I've owned this rental condo for many years, and now I'm finally selling. The Closing is scheduled for later this month, then the clock will start ticking on the 45 day deadline to identify potential properties for the exchange! 

Once the deal closes, I'll have about $110,000 of equity. Plus, I plan to get a 25% down payment mortgage, which will bring my purchasing power up to $440,000. Any advice on what/where I should buy?  I'm leaning towards a 2-4 unit multi-family house. I live in Boston, but I'm open to long-distance investing as well.

If anyone wants to connect, feel free to reach out. Realtors, Wholesalers, Other investors?

- Frank

[Lien Vuong]

That's very exciting! Congrats on the first phase of it. If you havent already, consider connecting with @Dave Foster who will help you execute a good 1031 Exchange and he has good referrals on agents who can satisfy your exchange in other markets. Best of luck!