Questions - Planning a 1031 portfolio consolidation
Hi folks,
We have a small portfolio of 4 properties with 8 doors in total. A mix of SFH, Townhomes, and one MFH. We have low leverage at the moment.
At some point over the next few years, we are considering consolidating into a larger MFH, or potentially some configuration of multiple MFHs.
Can folks talk about what to expect during this process? The difficulty and danger of selling them all at the same time, using a QI, and the general risks that we might face? How do we best mitigate this? I we putting ourselves in danger of failure/large tax problems, or is it relatively common to do this? Maybe talk about timing as well? Like, do we meet with a QI well before the process starts... do we shop for the conslidation property well in advance, etc.
Any information, recommendations, and/or anecdotes you can give would be super helpful!
Thanks!