Hi Ed,

Have you already identified the TIC you are interested in buying in to? Given the timelines of a 1031 Exchange, I would highly recommend doing lot of research if you have not already and figure out which TIC you want, and what the benefits of buying that particular TIC will be to you. That would be first...

Second, if you want to do a 1031 Exchange - definitely speak with your CPA regarding what will need to happen in your specific situation.

Third, if you are going to use an agent to sell your home, make sure he/she is clear on your goals. They can assist you to determine the market value of your property and what market trends are for your particular area in Granite Bay (full of micro markets there)...is your property on a part of Fallbrook close to Auburn-Folsom Rd? It may make sense to unload it now or sell later...need more pieces to the puzzle. A lot will depend on your personal goals, the micro market you are in, the value of your property, and the sale-ability of your property.

Hi Ed,
I would want to know what your goals are and why you were thinking of selling. How long have you owned the property and what did you have in mind for another investment. I also would want you to discuss this with your tax person and get their advise.
If everything lines up, it is a great time to invest in more property and doing the 1031 is a way to do it.
Have a great day and let me know if I can help in any way.
Ken