INVESTING FOR THE FUTURE

Todd and Kris recently sold their beloved mountain home, a place where they spent years making memories with their family. Now, with their kids grown and flown, they felt the pull of adventure calling—ready to explore beyond the boundaries of just one place. Wanting a smart way to reinvest and stay flexible, they used a 1031 exchange to roll the proceeds into a new opportunity closer to home. This powerful tax strategy allows investors to defer capital gains by purchasing a like-kind property—but it comes with strict timelines: just 45 days to identify potential replacements, and 180 days to close.

We cast a wide net, searching for a property that could do it all: generate strong rental income, require minimal updates, and offer the kind of flexibility that could eventually welcome family or friends. As the deadline ticked down, a triplex hit the market that checked most of the boxes. We jumped into action—securing the property, navigating inspections while respecting tenant laws, negotiating major repairs, and setting them up for success with ongoing support from our Living Room Property Management team.

Now, with keys in hand and a solid, self-sustaining investment in place, Todd and Kris are ready for their next chapter—one rooted in financial growth, freedom to roam, and a little less yard work.