Taking advantage of a 1031 Exchange-Real Estate
Jun 13, 2017
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Interview with 37 year Real Estate Broker Jim Turano.
Plenty of Properties always coming on the market.
All different prices to take advantage of.
Why pay taxes?
Can a Bank pay you 5% interest?
Buying a building like a Taxpayer is great. Three stores for example, high rents combined, and every year rents go up and so does the appreciation on your building.
No apartments tenants to deal with. Just Tenants who run their businesses.
Thats fantastic. They vary in price range based on yearly rent roll, usually 17-22 times income.
So if a building like the one above -Three stores has over $150k income, expect to pay about $2,600,000 and get a 5% cap rate return.
Thank you Jim Turano,Broker, Of Diverse Real Estate, 73-12 metropolitan Avenue, Middle Village,NY 11379
Any questions you can call him on his cell 1-347-837-9206