You purchased the dealership for 2M including the lots. Sold the lots for 250K and the dealership for 2.5M. This equals to 750K in profit. How do I come up with 900K?
Oh so you bought the old Eide building. That's just two blocks from my house. Nice! Now I heard Holiday is building a gas station there. Not sure if that's true because of the gas station right next to it. I enjoy reading your posts and articles. I look forward to learning more from you.
How were you able to use 1031 exchange without holding the property for 1 year?
Hey Shane, I did hold for over a year. The purchase was in 2020. The 1031 exchange was recently.
Always enjoy reading these newsletters Marc 📈
Thanks Anthony!
Excellent example of making your own luck. Thanks for the breakdown here ... inspires me to look for deals like this!
You purchased the dealership for 2M including the lots. Sold the lots for 250K and the dealership for 2.5M. This equals to 750K in profit. How do I come up with 900K?
Oh so you bought the old Eide building. That's just two blocks from my house. Nice! Now I heard Holiday is building a gas station there. Not sure if that's true because of the gas station right next to it. I enjoy reading your posts and articles. I look forward to learning more from you.
Great insight in this deal, Marc. Appreciate your transparency as well. Looking forward to reading more about your luxury storage project.