Yeah I may do a 1031. I live in a tear down and own another bigger one next door that is a rental. The value is 98% in the land, which I am not capable of developing to its highest and best use, which is either 8 market rate townhouses or 30 apartments, with six of them affordable.
I could 1031 exchange to a fully developed duplex or triplex.
That solves part of my problem, I am tired of living in a little tear down on a golden lot. I would still be extremely over-invested in RE.
