Successful Sale Following Recommended Enhancements
This home was built in 2006. The homeowner is an experienced real estate investor, owning and managing multiple properties across the country. With the recent increase in home values here in the Research Triangle area, he decided it was time to take a close look at his portfolio and see if he needed to make some changes.
He reached out to me for my recommendations, and we came up with the following list of action items:
1. Avoid a large capital gains tax by doing a tax free 1031 exchange.
2. Identify locations where there are good opportunities for growth.
3. Recondition the house with fresh paint, new flooring and appliances.
4. Develop and implement the marketing strategy.
5. Stay on top of all the details and finish with a smooth closing. Coordination with the 1031 intermediary was key.
If you are an investor and considering the sale and/or purchase of a replacement property, please give me a call.
I'll put my 25+ years of experience to work for you!
