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Updated over 2 years ago,

User Stats

41
Posts
54
Votes
Wendy Stclair
Pro Member
  • Investor
  • Long Beach, CA
54
Votes |
41
Posts

Investor looking for $800k in deals to satisfy 1031 ASAP

Wendy Stclair
Pro Member
  • Investor
  • Long Beach, CA
Posted

Hi - i'm a single investor looking to immediately find 1-3 SFH or 2-6 multi-families in Class B- or better neighborhoods for a 1031 exchange. Looking to spend up to $800k total (debt and equity, can be split between 2-3 properties). Must identify ASAP, this week really. Final deadline end of may to identify. Criteria includes: 1-3 BR units that are still cash flow positive after a loan, in a landlord friendly state, rented or able to rent immediately. Some fix up is ok but I require properties to have been properly zoned and permitted, and that most major fix-up areas not an issue aka: solid electrical, plumbing and foundations. I prefer no major HVAC issues, newer roofing. I realize I'm asking for a diamond in the rough but you have to start somewhere! Plase reach out to me if you have ideas or areas i should consider! thanks much.