1031 Exchange from Traditional Rental to AirBNB

[Lars Andersson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $550,000
Cash invested: $550,000

Used proceeds from 1031 exchange to improve cash flow

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

Cash Flow.. experience with vacation properties

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

Local realtor

How did you finance this deal?

1031 Exchange and cash

How did you add value to the deal?

Property management

What was the outcome?

ongoing

Lessons learned? Challenges?

1031 is an excellent vehicle

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No