How Do I Exit My Real Estate Investments?

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 2 July 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	This episode is brought to you by SmartVester.
0:08.0	Connect with an investing pro near you at ramsysolutions.com slash smartvester.
0:14.1	Mike is in Connecticut.
0:15.8	Hey, Mike, how are you?
0:17.3	Good.
0:17.6	How can we help, sir?
0:19.7	So I have some rental properties that as I get, I guess as I get closer to retirement,
0:27.2	I'm looking for some advice on how you would exit owning the run of properties other than
0:34.4	selling and just paying the taxes.
0:37.1	That's pretty well it if you want to exit.
0:40.3	I mean, you can do 1031 exchanges, but you would be trading these rental properties for
0:45.4	other rental properties.
0:49.0	Right.
0:49.4	I guess that's not exiting.
0:50.8	What do you think about a REIT exchanging into an R-A-I-T?
0:57.7	You can't. It's not like kind. It has to be actively managed property, and you're not
1:03.1	actively managing a REIT. A REIT is more of a mutual fund than it is real estate investment.
1:07.0	So you'd have to sell it, then use the proceeds to invest into a reet. But you're going to have the taxes on it.
1:12.3	So 1031 tax deferred does not work to a reed.
1:16.6	Not in my opinion.
1:17.8	I mean, you have to get a professional tax advice if you want.
1:20.6	But if somebody told you that on TikTok, I would be questioning it.
	...

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