Are you thinking of selling your income property and moving up to a larger multifamily property in the Madison area? Our team is here to help you leverage your gains from your first property and roll them into a new property through a 1031 exchange.

The big advantage of a 1031 exchange? A 1031 exchange allows you to defer your taxes on your gains, and invest your proceeds into a new property that continues to build wealth for you.  

(photo courtesy of Step Inside Media) 

How can Mad City Dream Homes help you with your 1031 exchange? 

We're here to help you with these three important steps, and more. 

1) Identify your opportunity as a seller. 

We'll help you assess the multifamily market and perform a market analysis to identify your likely sales price. As part of this exercise, we'll also help you estimate your net proceeds at closing — after your closing costs, property taxes, realtor fees, and mortgage payoff are deducted from the sales price — so you know roughly how much equity you'll be rolling into your next property. 

2) Identify your opportunity as a buyer. 

We'll introduce you to income properties that are available for purchase right now, so you know what type of property to expect when you move up to your next investment. During this step, you're free to use our multifamily property assessment tool, which will help you evaluate the financial performance of each property. 

3) Connect you with a 1031 exchange qualified intermediary. 

The qualified intermediary will hold the funds from your sale and facilitate the 1031 exchange according to IRS guidelines. 

More ways we can help

Of course, Mad City Dream Homes is here to help you sell your current income property and buy your next one. We can even connect you with a reliable and service-oriented property management company, should you need one.

Reach out if you'd like to talk about moving up to your next Madison area income property. We'd love to help you explore the possibilities.