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: 📧 [email protected] 📲 IG: @grego_37