Harley shares how he got started buying rent-ready condos off the MLS. Those properties appreciated over a few years, but rents didn’t appreciate as quickly as the property values.
Eventually, Harley wasn’t getting a good return on his equity.
He decided to sell his condos using a 1031 Tax Deferred Exchange and trade up better properties that generate more cash flow.
For example, he took a property that was rented for $1,750/month and exchanged it for a property that generates $10,500/month. That’s an increase of $8,750 a month!
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