Published September 28, 2022
Investment Success w/ 1031 Exchange Program
Congrats to our clients on the purchase of their 1st multi-family investment property! We helped them sell a beautiful townhouse in Bothell and then purchase this duplex with a shop in Monroe!
Why did they sell a lovely Bothell home for a fixer-upper in this current climate? There are many reasons, but let's start with these six:
1. They were ready to move on from Bothell & it had served its purpose
3. Some multi-family homes were sitting on the market a little longer, allowing an opportunity to inspect & negotiate
4. They wanted more cash flow. Although each unit will rent for less than the previous singular unit, the total will be significantly higher when combined
5. They wanted a higher ROI & more depreciation
6. They wanted to legally pay less taxes. By utilizing a fantastic tool that the IRS allows us, they sold their previous rental and paid no tax at the time sale (tax is deferred) by purchasing another rental property! Their new purchase will also qualify them for additional depreciation. A legal tax write off 
Cheers to our clients for taking a chance in this uncertain market! They have put themselves in a fantastic position to increase their monthly cash flow, decrease their tax liability, and increase their net worth!
Our clients will put in a little time to refresh the new units, and we will give them an assist with the rental advertising, FREE of charge! Just a bonus if you buy an investment property with us 
If you have any questions on the 1031 exchange or rental property investing, we would be honored to start a conversation with you.
