WHAT IS A 1031 EXCHANGE?
WHAT IS A 1031 EXCHANGE? An exchange is rarely a swap of properties between two parties. 1031 Exchanges are not really exchanges in the context of a two-party barter. A properly structured 1031 ‘LIKE-KIND’ EXCHANGE allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital […]
HOW TO FINANCE 2-4 UNIT INCOME PROPERTY
When considering a purchase of a multi-unit investment property, the first item on your to-do list should be financing. Let’s face it, in today’s high-price real estate market, most people cannot afford to pay cash regardless of the market they’re in. The good news is, if you want to buy a duplex, triplex or fourplex […]
BUYER SUCCESS STORY – 8 UNIT APARTMENT – 92115
4277-4283 Estrella Avenue San Diego, CA 92115 8 Units SP: $1,075,000 PRLog – Jul. 8, 2014 – SAN DIEGO — The eight (8) unit apartment complex located at 4277 & 4283 Estrella Avenue in the City Heights submarket has been sold for $1,075,000. The subject property consists of two, four (4) unit parcels. The unit […]
BUYER SUCCESS STORY – 20 UNIT APARTMENT – TALMADGE
Our buyer purchased this property in 2013 – made capital improvements and sold 1 year later at a Record Breaking Sales Price for the sub-market! Buyer success story!
BUYER SUCCESS STORY – 8 UNITS – LA MESA
6 THINGS TO CONSIDER WHEN BUYING APARTMENT UNITS
When I speak with prospective buyers of income property – one thing they always ask is, “Do you know of any good deals?” Depending on the market cycle we’re in – buyer or seller – this can be a tough question to answer, so I say, “What’s your definition of a good deal?” Back in […]
BUYER SUCCESS STORY – 4 UNITS – EL CAJON
Details: Price :$761,000 Units :4 Cap Rate :5.24 % GRM :12.24 Property Type:2-4 Units Building Size :2,904 sf Testimonial: “We worked with Doug when we were searching for a small apartment complex to buy as an investment. He immediately put us on his service that defined every multi-unit property for sale in San Diego County. […]
10 STRATEGIES FOR A SUCCESSFUL TAX DEFERRED EXCHANGE
Aubrey Morrow, CFP® Do You Own Investment Real Estate? Ever Consider a 1031 Tax-Deferred Exchange? It can be complicated – Here are 10 strategies for a complete and successful exchange. Debt Approach: As you know, you need to replace the same amount or more debt in a 1031 transaction to eliminate taxes due (boot). Many […]
CAP RATE IS NOT YIELD?
After completing a recent CCIM course – one of the many take aways I received was the statement – Cap Rate is NOT Yield. As an apartment broker in San Diego – someone who lists apartment buildings and rental properties for sale – how could I believe this statement. “Of course Cap rate is Yield”, […]