I reinvested using the 1031 exchange

[William Romano]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $617,000
Cash invested: $617,000

New Villa in Seven Shores by Toll Brothers

What made you interested in investing in this type of deal?

1031 exchange from the sale of a investment home in Sarasota Florida

How did you find this deal and how did you negotiate it?

New construction that I will be able to close within 180 days. Originally priced at 637,000 and agreed on $617,000

How did you finance this deal?

No finance

How did you add value to the deal?

I got my real estate license which the builder gave me $10,000 closing cost