Why I 1031’d Into My Neighbor’s Unit | Part 2.

This is Part 2 of my 1031 Exchange breakdown — where I walk you through the exact numbers behind buying the neighbor’s unit.

 

Quick snapshot of the deal:

• Sold original condo for $70,000 (as-is)

• Bought neighbor’s unit for $92,500

• ~$25K–$30K in built-in equity

• ~18% cash-on-cash return on money out of pocket

• ~$6,000/year projected net cash flow

Instead of spending $50K renovating or paying a large capital gains + depreciation recapture tax bill. I chose to reposition the equity into a stronger asset that cash flows immediately.

If you got value, like the video and subscribe for more real estate deal breakdowns.

 

If you have a deal in the Hudson Valley, Delaware, or Seattle:

📧 greg@velocityhousebuyers.com

📲 IG: @grego_37