Hello - need to buy rental property for 1031 exchange and looking for best cash flow investments will put 500 down and borrow 1.2m
What's 1031 exchange?
It’s a tax clause which allows you to sell a current investment property to buy a more expensive property where you can defer having to pay taxes on the capital gained from the appreciation of the first one. The cash basis is just carried from one property to the next.
Like best city to buy in? Where are you currently located?
Bay area
i own a class A 201 unit building i would look in major Tier 2 cities the other option is class B w/ 92%+ occupancy yoy
Where do you own?
Atherton.
Jamna nagar
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Buy an apartment building somewhere cheap
And get property manager