- Rocky Hill, CT
- Votes |
Duplexes are great 1031 stepping stones to growing your portfolio. My partner and I are looking at making big moves this year to change our portfolio mix. We currently own:
- 10 Duplexes
- 2 Triplex buildings
- 1 Quad
- 1 Six Plex.
Looking at the price per unit most of our duplexes are currently valued as 200-260, and we have about 100k equity in each building. Our goal is to now sell the bulk of these units to consolidate and expand our concentration in 3-20 unit buildings here in Connecticut. Sometimes referred to as the stack by @Brandon Turner this process will take advantage of the 1031 exchange to grow our tax advantages, minimize expenses,while increasing our profits.
For anyone who has a triplex to twenty plex here in Connecticut- towns of Bristol, Berlin, Rocky Hill, Cromwell, Middletown, Manchester, Vernon, Tolland, East Hartford, Windsor, Granby, Wethersfield, Southington, Newington, or Plainville- let me know. We are in the market.