ASK YOURSELF THIS QUESTION: WILL THESE FACTORS IMPROVE FOR MY PROPERTY OVER THE NEXT DECADE? • Local population growth • Local job growth • Local household formation • State/local taxation • Insurance costs
• Tenant acquisition expenses • State/local landlord regulations • Deferred capital expenditures
If you think these factors are all trending positive for your property/neighborhood, then by all means, hold on to that rental. But if you think your SFR, condo or townhome may not be much more valuable in a few years to an owner-occupier compared to today, you should consider relocating your equity—via a 1031 exchange—into passive property located in a market with greater long-term demographic and economic upside potential.
At 1031 Capital Solutions, we are happy to provide a complementary Cash Flow Analysis for AAOA members and subscribers to RENT magazine. Let us help you make an educated decision on whether to keep, sell or exchange your rental property.
RICHARD D. GANN, JD Managing Partner 1031 Capital Solutions (800) 445-5908 1031CapitalSolutions.com
Richard (Rick) Gann is an attorney, licensed real-estate broker, and general securities principal specializing in 1031 exchange solutions and he is co-author of the book How to Retire from Being a Landlord.
Disclaimer : Disclaimer: This information is for educational purposes only and does not constitute direct investment advice or a direct offer to buy or sell an investment, and is not to be interpreted as tax or legal advice. Please speak with your own tax and legal advisors for advice/guidance regarding your particular situation. Because investor situations and objectives vary, this information is not intended to indicate suitability for any particular investor. The views of this material are those solely of the author and do not necessarily represent the views of affiliates. Statistical data contained in this material was obtained from third-party sources believed to be reliable; however, 1031 Capital Solutions, CIS, CAM, and CIA do not guarantee the accuracy of the information. Past history is not indicative of future results. Securities offered through Concorde Investment Services, LLC (CIS), member FINRA/SIPC. Advisory services offered through Concorde Asset Management, LLC (CAM), an SEC registered investment adviser. Insurance products offered through Concorde Insurance Agency, Inc. (CIA). 1031 Capital Solutions is independent of CIS, CAM and CIA.
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