Welcome to passive real estate investing, the show where busy people like you learn

how to build substantial passive income while creating wealth for the long term.

And now here's your host, Marco Santorelli.

Hello my friends and welcome to another episode. Now here's your host, Marco Santorelli.

Hello, my friends and welcome to another episode of Ask Marco

where I answer your investing related questions.

Today's question comes from Randall,

who's asking essentially a timing related question.

Even though he's doing a 1031 exchange which is a tax-deferred exchange, this applies

to everybody looking to buy or sell in one particular market and wondering what to do in terms of

entering the same or another market on a buy from the sale of other property where you've got investable capital.

So Randall writes, I own agricultural property that will soon be ready for development

into buildable lots.

My plan is to take the profits from the sale of these lots and purchase

single family homes through a 1031 exchange, which is a tax deferred exchange. It appears that it is currently a good time to sell those lots.

With the rules associated with 1031 exchanges, I would have to buy right away, and it appears that

now is not a good time to buy.

Can you offer any advice on how I might get the timing right

so that I can sell at a good time

and also buy when the market for single family homes is better?

Would it be better to sell high and buy high in the current market

or wait for a decline to sell low and buy low? Well, the latter doesn't make sense. I don't see

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