My investor clients were looking for a 1031 exchange purchase for a sale of a southern California multi-family property. We were able to make the exchange and secure a 6% CAP rate on the purchase. The sale in Los Angeles was sold at a 3% CAP rate, and so they immediately doubled the revenue without paying a higher price than what they sold for.
Marc has been responsible for more than $850M in transactional and joint venture revenue since he began his real estate career in New York City in 1998. Work-Play-Live-Invest! Contact him today.Let's Connect