SFR portfolio to CRE transition (1031): Things to consider?
Hey all. So my family has a single-family rental portfolio of 4 properties, all in California. The assets total ~$2mm and have a combined $750k in equity. If we wanted to roll this equity up into a single commercial property (industrial or MF), I can't think of anything that would make this that much harder than exchanging 1-for-1 since it shouldn't take more than 45+180 days to sell a home (or 4). The hardest part is still identifying and executing on the target property. Is my line of thinking correct there?
More broadly, what are some things to consider for small-time investors making the switch from SFR to commercial as it relates to the 1031 process? We'll definitely talk with our CPA, but just curious if there's anything to chew on before then. Thanks!
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