San Diego Housing Market News and Analysis
Are sellers even considering 1031's right now?
User Forum Topic
Submitted by SDNative2 on July 21, 2020 - 7:51pm
Hi Piggs! Is it even realistic to think I can 1031 right now, especially to a coastal property?
I just went through the RE ringer and I think I was part of a stalling tactic by the realtor(s) for a cash buyer to get in position for an O'side duplex I wanted. Said their buyer wanted to do a contingency with me. Loved my proposal.
In any case, I had a nice convo with HLS, which was the only bright spot in this situation!
- Is it just not feasible to compete with cash right now?
- Is it just better to hold onto an SFR on a multi-unit/develop-able lot for now? It's fully rented, good tenant, great rental area.
- Has anyone 1031'd to one of those Delaware Statutory Trusts?
- Any advice from Piggs for a burned-out prospective investment property move-up buyer?
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