All Forum Posts by: Jackson Hanssen

 Sounds awesome, we can serve nationwide! How has the move been? I'm sure you're loving those state income tax savings. I sent you a PM, would love to work together :)

 John this is great advice, thank you! I was thinking I could even do a short presentation for CPE for agents, What do you think?

Hi all,

I'm a new member of BP, but a long time follower. I've had an investment property and also done a flip. I'm currently the founder and CEO of 1031 Prime, a tech enabled 1031 exchange service to help keep taxes at bay and support the defer, depreciate, and die model.

My goals for the next 18 months are to continue to grow 1031 Prime by servicing my fellow real estate investors and buy a small MF property, Ideally 4-8 units. 

Everyone has spoken about how a single building would be most cost effective to build and they're right. 

However, what if you were able to get more rents for standalone duplexes? Do people in your market pay more to not be living wall to wall? Can you market the property as a luxury and walkable community? The goal is to earn the most money, not do something the cheapest way possible. Though those goals are often interconnected.

You could automate underwriting pretty easily, as well as scraping and feeding data into an underwriting AI. For example, you can ping Zillow APIs for rent information in the surrounding area. 

I don't find too much value on this aspect, the valuation models are all the same, and your data wouldn't be differentiated. Maybe automated tenant issues would be interesting.

I don't think you qualify for a 1031. owning a property your mother lives in doesn't seem to meet the held for investment test necessary. 

Can't wait!

Agreed with Dave, you'll need to buy something new. Perhaps you could 1031 into a house you would want to be your primary in a couple years and stay in your current primary for a little bit.