Article Summary: To 1031 or Not to 1031?

Key Points:

– The author is debating whether a 1031 exchange is worth it for their property in Brooklyn.
– They have been considering various properties to exchange with.
– The decision is weighing the benefits and potential drawbacks of a 1031 exchange.

Hot Take:

Deciding on a 1031 exchange is like choosing between avocado toast and a classic PB&J sandwich – it’s all about personal taste and long-term value. As this author navigates the NYC property maze, only time will tell if their choice will be as sweet as a cronut or as sour as a subway delay.
Original article: https://www.biggerpockets.com/blog/1031-investor-journal-three