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Situation: Selling off an investment property (currently under contract) and will be attempting my first 1031 exchange. Challenge: Identifying 3 properties (min: $410k max: $700k) to choose as potential replacementsLo...
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My tax home is in Connecticutand we own one rental property and would like to looking into a new market out of state.We are looking to schedule a viewing tour in the west coast for a potential rental property and woul...
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I own a condo, value approx $700K. Tenant paying $3500/mo, wants to buy the property. So far all good news - I will have to 1031 the gains from this sale into something else, ideally a tri/quad outside of CA. Quest...
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Hi all,I have had a burning question that I have been wondering about 1031 exchanges.It’s my understanding that the government gives you 45 days to get a new property under contract after you sell your initial propert...
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Hi Everyone,Currently I'm amidst an effort to shuffle my portfolio. I'm selling condos and smaller houses that I bought in Phoenix between 2009-2011 and 1031 exchanging into larger SFH. I realize that the Cash on Ca...
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Why all the effort?
When my partner and I decided to start a real estate investment company at the beginning of 2020 we had most major questions answered.Our goal was to use the BRRRR strategy to buy single family ...
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I understand the 1031 exchange basics. I am hoping to use it for a rental I am selling to purchase another two properties. Am I able to exchange with two different properties or does it have to be to one? Also, how...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $390,000
Sale price: $425,000
Contributors:
Peter Vekselman
Partner Driven, in collaboration with o...
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Embracing the investor mindset is crucial for anyone venturing into real estate. This perspective goes beyond merely buying and selling properties; it involves a strategic approach to wealth building and risk manageme...
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Investment Info:
Single-family residence wholesale investment.
Purchase price: $50,000
Sale price: $160,000
Contributors:
Peter Vekselman
Partner Driven and Archie Raglin bought this ...