A Tale of Two Sales. A 1031 Exchange Story. | theFrontSteps
A Tale of Two Sales A Exchange Story

We often get clients looking to exchange one rental property for another, we call this a 1031 exchange. By definition, well, you can read the full definition here. It basically allows an investor to “defer” paying capital gains taxes on an investment property when it’s sold. There you go. All you really need to know.

Why am I telling you this? Well, we just did one and it was pretty fun and we thought it would be nice to share. It started out with a loft in the SOMA on Shipley St. and ended with a beautiful home in the Outer Richmond on 35th Ave. It took us 2 weeks to prepare the loft for sale. We had it fully repainted along with the cabinets and staged. Once listed on the MLS, we got it in contract within a week. I know, only in SF.

Here’s how it looked all staged and ready to go.

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