Our client was an out of state investor with a small apartment building in Los Angeles, CA. He wanted to sell and 1031 the money to Denver for a better cap rate and future retirement plans of moving out to Denver. He has family in Denver who acted as ”boots on the ground” and to help manage the asset. We coordinated with the California agent, 1031 Qualified Intermediary, and all parties to get the transaction completed per the 1031 rules. There is significant upside in rents by upgrading the building electrical system and installing in unit washer/dryers and AC ductless mini-split systems.
No transcript available.
POWERED BY BLUBRRY
