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Sign into your accountBrokers Finding New Business With 1031 Exchanges
March 17 2011
Brokers finding new business with 1031 Exchanges
Many property owners see the values of their properties lower today than in the past few years and are reluctant to sell those properties at declined values.
Some investors, however, see today as the time to attack the market.
Consider the past for a moment. A few years ago, an investor may have sold an investment property that he owned free and clear for $275,000. He could have taken that money, done a 1031 exchange, and leveraged the proceeds into two properties worth $200,000 each. He would have needed additional funds in the amount of $125,000 to achieve this goal, which he would have contributed out of his own funds or, more than likely, borrowed. Once acquired, the investor may have rented those properties for $1,300/month each. The monthly cash flow after debt service may not have been strong, but the investor may have hoped for future appreciation.