374. He Traded His Apartments for a Commercial Building and Made $100k

Key Takeaways:Strategic Upgrade via 1031Chad is selling his 4‑plex and using a 1031 exchange to buy a 30,000 sq ft mixed‑use commercial building, effectively trading up his “Monopoly pieces.”Day‑One Equity and Cash FlowHe put it under contract for $2.1M; it appraised at ~$2.2M, so he’s walking into ~$100k equity on day one, plus immediate cash flow from two existing tenants.Massive Upside from VacancyThere’s one vacant space; after some TI and improvements, leasing it is projected to push the property’s value to around $2.9M–$3.1M within about a year.Disciplined, Worst‑Case‑First UnderwritingHe underwrites every deal with worst / most‑likely / best‑case scenarios and only proceeds if the worst case nearly works, focusing on cap‑rate spread over interest rate and realistic expenses.Intentional Growth & Skill Transfer from TechHe uses his tech sales skills (pipeline building, numbers, understanding the customer/market), combined with a very intentional, one‑step‑at‑a‑time mindset, to build long‑term wealth over 10–15 years rather than chasing quick wins.