1031 Into New Market Cash Flow Properties
Member since 2023 · 5 posts · 5 votes
I have multiple properties in the Los Angeles area that are being sold, and we are looking for new markets to 1031 exchange into. In the past our model was largely built around property appreciation. However, with this change we would like to reoptimize the portfolio for cash flowing properties, and are not particularly concerned with appreciation. We also have two other investors/portfolios who are looking to do the same thing. Looking for advice and real estate professionals to meet and potentially work with.
I have multiple properties in the Los Angeles area that are being sold, and we are looking for new markets to 1031 exchange into. In the past our model was largely built around property appreciation. However, with this change we would like to reoptimize the portfolio for cash flowing properties, and are not particularly concerned with appreciation. We also have two other investors/portfolios who are looking to do the same thing. Looking for advice and real estate professionals to meet and potentially work with.
Hey Scott, states in the Midwest and south are usually geared towards cash flow over appreciation. I know Kansas City has a decent amount of multi family properties that provide cash flow and are priming for appreciation. If you want me to connect you with an investment agent in that market shoot me a PM, I have a good rec for you.
I have multiple properties in the Los Angeles area that are being sold, and we are looking for new markets to 1031 exchange into. In the past our model was largely built around property appreciation. However, with this change we would like to reoptimize the portfolio for cash flowing properties, and are not particularly concerned with appreciation. We also have two other investors/portfolios who are looking to do the same thing. Looking for advice and real estate professionals to meet and potentially work with.
Panama City beach has the ability to cashflow at 10-15% of the gross purchase price. In addition, it has good appreciation since that beach market is right next to 30A. Right now we have a 6 bed 4.5 bath pending at 1.5 million with 175k projections and 120k on the books after only being rented for 7 months this year. HOI came under 4.2k a year for STR purpose.
@Scott Hanson I know others have said it but I am a broker here in KC that specializes in multifamily. We help people locate deals that fit their return requirements. Yes Kansas City is a hot market and it does work for cash flow, but I am sure there are others as well. Just depends on what your criteria for your investment?
I have multiple properties in the Los Angeles area that are being sold, and we are looking for new markets to 1031 exchange into. In the past our model was largely built around property appreciation. However, with this change we would like to reoptimize the portfolio for cash flowing properties, and are not particularly concerned with appreciation. We also have two other investors/portfolios who are looking to do the same thing. Looking for advice and real estate professionals to meet and potentially work with.
Absolutely. Currently have two investments in the Phoenix area.
I have multiple properties in the Los Angeles area that are being sold, and we are looking for new markets to 1031 exchange into. In the past our model was largely built around property appreciation. However, with this change we would like to reoptimize the portfolio for cash flowing properties, and are not particularly concerned with appreciation. We also have two other investors/portfolios who are looking to do the same thing. Looking for advice and real estate professionals to meet and potentially work with.
Panama City beach has the ability to cashflow at 10-15% of the gross purchase price. In addition, it has good appreciation since that beach market is right next to 30A. Right now we have a 6 bed 4.5 bath pending at 1.5 million with 175k projections and 120k on the books after only being rented for 7 months this year. HOI came under 4.2k a year for STR purpose.
Very interesting. I do not know much about the Florida market but would be open to exploring it more.
@Scott Hanson I know others have said it but I am a broker here in KC that specializes in multifamily. We help people locate deals that fit their return requirements. Yes Kansas City is a hot market and it does work for cash flow, but I am sure there are others as well. Just depends on what your criteria for your investment?
Sounds like KC is a market I should review further. Ideally this first purchase would be in the 800K range and we have a preference for 2Bed+ units. I would be interested in discussing further.
Can we set up a short call to talk through the implementation of your strategy in AZ?
Absolutely. Currently have two investments in the Phoenix area.
Do you have time this week to set up a short call to discuss the criteria you mentioned with respect to Arizona?
I have multiple properties in the Los Angeles area that are being sold, and we are looking for new markets to 1031 exchange into. In the past our model was largely built around property appreciation. However, with this change we would like to reoptimize the portfolio for cash flowing properties, and are not particularly concerned with appreciation. We also have two other investors/portfolios who are looking to do the same thing. Looking for advice and real estate professionals to meet and potentially work with.
Panama City beach has the ability to cashflow at 10-15% of the gross purchase price. In addition, it has good appreciation since that beach market is right next to 30A. Right now we have a 6 bed 4.5 bath pending at 1.5 million with 175k projections and 120k on the books after only being rented for 7 months this year. HOI came under 4.2k a year for STR purpose.
Very interesting. I do not know much about the Florida market but would be open to exploring it more.
I sell everything between PCB and Navarre Beach and can give you insight into the submarkets on the Emerald Coast. I specialize in STRs here and have some good knowledge of the insurance situation as well. I'd love to talk with you and will DM you.
@Scott Hanson I know others have said it but I am a broker here in KC that specializes in multifamily. We help people locate deals that fit their return requirements. Yes Kansas City is a hot market and it does work for cash flow, but I am sure there are others as well. Just depends on what your criteria for your investment?
Sounds like KC is a market I should review further. Ideally this first purchase would be in the 800K range and we have a preference for 2Bed+ units. I would be interested in discussing further.
Sounds good. I will DM you!