Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago on . Most recent reply
15M 1031 money to spend
Hey family! I have a group of investors looking to pull the trigger on 15M worth of Tax deferred proceeds. They are on a tight deadline as the clock just started ticking. Looking for 1-2 units that have lots of upside potential. Deep rehab ok, but not looking to build. nationwide is Aok.
Thanks in advance.
Matt
Most Popular Reply
Memphis has a lot of larger complexes sitting on the sideline with heavy rehabs needed looking for buyers. $2.5M for 170+ doors and about a mil in rehab can get you $525-550 in rent from each tenant in a popular rental zone. At 80-90% occupied, it'd be a $4.9MM listing. Similar situation at $8MM on the market too.