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Leanne Pressly
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Getting analysis paralysis with clock ticking on 1031 funds

Leanne Pressly
Posted

I sold a house to get into a syndicate deal that fell through. Now, I need to find an alternative. That deal was going to be 7% return for 100% passive. I realize now I'm going to have to settle for less. I'm struggling to prioritize ROI vs time invested vs location of the deal. I think a DST is out due to high fees. I'm in Colorado. I've been a landlord for 15 years. I have 30 days to ID new property. I'm tired.

I've crunched Chat GPT for ideas and advice and still feel like I don't know what direction to go. I'd like opinions on these ideas:

1-STR's- I was considering one in Denver to be able to use it sometimes but it seems like that market is cooling off and it might be hard to manage myself (I live 3 hrs away). Daughter lives in Denver and could possibly help with emergencies.
2-Beach house/ski house STR managed by someone else: again, way too saturated now? I'm worried about weather issues/ insurance costs. Realtors tell me I'd barely break even on a ski house in colorado. It would be nice to get some lifestyle lift in this next deal (ie, we use it)
3-Long term multi family in Pueblo, Grand junction or similar B market: too hard to manage from afar?

4- try to find another commercial passive investment?

What else am I not considering?

PS just looking for advice here, don't try to sell me something please!

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Stuart Udis
#5 All Forums Contributor
  • Attorney
  • Philadelphia
2,945
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Stuart Udis
#5 All Forums Contributor
  • Attorney
  • Philadelphia
Replied

Deferring taxes & making a bad investment is usually a worse outcome than paying your tax bill. Seems like your primary objective is tax deferment. This can lead to poor investment decisions, particularly when there is added time pressure. 

  • Stuart Udis
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