Purchase a building for their home office and stop paying rent.
Use funds from another sale to fund the purchase through a 1031 Exchange.
Challenge
Navigate a competitive purchase environment where increasing rates were causing uncertainty.
Execute the 1031 Exchange while managing timeline and critical dates.
Strategy
Reviewed several purchase options to determine what would be the best fit for our client and work out a feasible solution.
ECR helped negotiate favorable terms and timeline for both the buyer and seller and make all parties confident in the success of the transaction.
Isaac and Jason with ECR provided us with a comprehensive education on the state of the market, inventory, and comps allowing us to make the right choice for our needs when purchasing. They did not rush the process and allowed us as buyers to see and understand all the products available until arriving at the right fit for us as buyers. I will use them for my future needs and have recommended them without reservation.
Amir Kalantari
Principal, The Kalantari Group
Results
Our client purchased the property at 1008 West Ave and was able to use proceeds from another sale.