1031 Exchange from one rental to another
Investment Info:
Condo buy & hold investment.
Purchase price: $440,000
We did a 1031 exchange from one vacation rental to another.
What made you interested in investing in this type of deal?
Lakewood Ranch is now the #1 PUD in the US, we visited Jan 2022 and saw the opportunity.
How did you find this deal and how did you negotiate it?
From our Realtor, we got $10k under list and home inspection repairs.
How did you finance this deal?
Conventional financing
How did you add value to the deal?
It was turn key
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Had a Realtor, we are getting our FL license so would love to be a resource for you!