How a 1031 Exchange Helped Me Buy the Neighbor’s Property

In this Real Estate Weekly Deal Breakdown, I walk through a real-life deal where I sold a problem rental and used a 1031 exchange to buy the neighbor’s unit instead. This condo was a nightmare—bad tenant, eviction, major damage, a contractor who stole money, and numbers that no longer made sense. I break down why rehabbing it didn’t work, why selling outright would’ve crushed me with taxes, and how a conversation with the neighbor led to the best possible outcome. If you’re holding rentals and considering selling, this breakdown will help you think through your options before you make an expensive mistake. 📍 Selling in the Hudson Valley, Seattle, or Delaware? 📧 greg@velocityhousebuyers.com 📲 Instagram: @Grego_37

Listen