Investing out of area
Investment Info:
Single-family residence buy & hold investment in Duluth.
Purchase price: $300,000
Cash invested: $300,000
Helped clients find and analyze a potential investment property with a local partner. They bought a home in a desirable area close to attractions in a city that needs additional short term housing. Long term rental rates in the area are also high compared to home value.
How did you finance this deal?
1031 exchange from a land sale here in Phoenix.
