One of Multiple 1031 exchanges

[Terri Phifer]

Investment Info:

Single-family residence buy & hold investment in Peachtree City.

Purchase price: $225,000
Cash invested: $225,000

SFH 4Bed 3Bath 1508SF

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

1031 out of commercial space and needed to buy multiple investments at once.

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

Bought from agent who was flipping.

How did you finance this deal?

Cash through 1031

How did you add value to the deal?

House completely renovated at purchase.

What was the outcome?

Has appreciated through holding and in current market especially.

Lessons learned? Challenges?

Having to buy too high due to time constraints of 1031 rules and volume of acquisitions.