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All Forum Posts by: Dale Balsis

Dale Balsis has started 1 posts and replied 2 times.

Post: 1031 Exchange in COVID-19 Market

Dale BalsisPosted
  • Investor
  • Honolulu, HI
  • Posts 2
  • Votes 1

@Isi Nau

Thanks for quick reply and breakdown!

Post: 1031 Exchange in COVID-19 Market

Dale BalsisPosted
  • Investor
  • Honolulu, HI
  • Posts 2
  • Votes 1

Hi. I’m currently in the process of a 1031 exchange. I started the exchange right at the beginning of the outbreak, February, and was able to close the sale last week. I should close on the replacement property 22 May.

Just wanted to hear others’ experiences on renting out a unit during a lockdown. Luckily my other property is occupied and they’ll be staying during this time. But it looks like a tough time to rent a vacant place right now . I’ve been browsing Craigslist and have been seeing the same properties listed and even some dropping the price and having “move in specials”. Thoughts and experiences?

The new unit is a 3/2/2 located in Nuuanu (Honolulu, HI).