Connecticut Real Estate Q&A Discussion Forum

User Stats

333
Posts
241
Votes
William Collins
  • Investor
  • Rocky Hill, CT
241
Votes |
333
Posts

Time to begin laddering up- Connecticut

William Collins
  • Investor
  • Rocky Hill, CT
Posted Apr 30 2021, 08:10

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:

  1. 10 Duplexes
  2. 2 Triplex buildings
  3. 1 Quad
  4. 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. 

Loading replies...