As folks talk about exit strategies consider this.

I found a nice 3 bed brick ranch, 2 car garage to buy at regular price - off market. A nearly impossible feat in my town. Most sell over list in hours.

So I finally sold 2 smaller rentals to another investor at full price, no bank, as is.

I did a 1031 tax deferred exchange and saved over $40,000 in TAXES by doing this. That’s about what I paid for BOTH houses combined when I bought them.

The 1031 fee was $1000 plus $200 for the second house. API Asset Preservation Inc. Recommended.

I’d love to sell all to one investor and roll the money into a single office building or farm land.

Four 1031s completed in 2020, but I am down to only one in 2021 as it is more difficult to find suitable replacements.

One of these 1031's deferred over $600,000 in depreciation.

You didn't save the tax money, you deferred it. You will pay it later.

1031's rock!!! Sold the home farm a few yrs back. Saved close to 500K. We had found 2 properties we really liked, still had $$ to spent. It was either spend it or give it to Uncle Sam. Bought a strip mall... paid a little tax on the left over. Used what was left and paid off a small mortgage balance. Talk about a financial/cash flow make over!!

Tryan-