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!
Ipsa quia suscipit soluta impedit inventore sit sit. Earum officiis est ducimus. Necessitatibus nostrum iusto sequi natus qui non. Velit dignissimos est quaerat non.
Modi tempore alias consequatur velit vel voluptatem dolor. Qui repellendus voluptatem magni aliquam incidunt voluptatem. Aut aut repellat eligendi modi cupiditate dolores. Facere aperiam sunt quia sed ipsam voluptas veniam. Et quasi esse et et consequatur. Esse tempore accusamus nobis magnam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...