1031 and first $1M deal, Done!! Thx to BP
hi BP,
just want to thank you! stumbling on this site was the best thing ever!
I don't have time to write out the details bc its still work in progress and I'm just updating you all on my journey here on BP.
Thx for the knowledge and support! through BP I was able to figure out my 1031 exchange and purchase a property I had my eyes on for 4 yrs.
we closed last week on this $1M 6 unit commercial flex space.
we signed our Triple Net Lease today. 1 of 3.
sealed, repaired and re stripes 40 parking space parking lot.
I have to replace 7 HVACs, rewire electrical, separate utilities.... bring to 100% occupancy!
but thanks for BP, I'm not scared!!!
what a great community, thank u!
when the dust falls I'll post the deal detail. it's very interesting!
How I turn my first home into a $1M 6 unit+ commercial unit in 14yrs. and bought/sold 7 other properties with this one asset along the way.