Updated about 5 years ago on . Most recent reply
3 rentals, 1 sale, 1031, best way to go about it?
Hello out there,
Been a while since my last post when I was snatching up some out of state rentals. Did a great job, got lucky and now I have 3 properties that I'm considering selling from my portfolio. I get emails, calls, texts, mailers, etc all the time for these properties for years. Now, I'm thinking it's time to unload them and buy bigger. The kicker, I'd like to sell them all in one shot. It would be my first time doing a 1031 and don't want to attempt to sell 3 properties to 3 people and roll that into 1 1031 buy. The timing to do all of that and being a newbie doesn't give me confidence. However, selling all 3 to one buyer, I can roll with that.
So, to get that done I know I'll have to sell to an investor and not an end users. Less money, however that's the trade off I'm good with it. Question is....what's the best way to go about that. Bigger pockets, local network, some other site, group, something I'm not thinking of to find those type of buyers? Any advise would be great. I've done a good job of buying, properties that are either great cashflow or great on equity ready to flip.....problem is I've never done well selling to end users, thus being open to taking less and selling to investors.
Thoughts?