1031 query condo

Bay Area
1

Hi Folks

i can use some advise on 1031 exchange. we’ve a condo in sunnyvale and HOA is $465. So thinking of selling and then buy duplex to generate an income.

but property tax will be killer so HOA saving will be a wash.

Also getting duplex in Bay area seems like a stretch as well with high price.
Any comments/advise would be appreciated

Thanks

2

If geography is not a constraint, look for investment outside the bay area if you wish to generate cash flows for lowest possible down-payment.

3

I’ve been looking into duplex for a while, but I don’t really see any deal that you can cash flow with 30% down.

Also in this market it’s hard to identify replacement property within allotted period for 1031.