New Investor ready to buy in Florida , Cape Coral area

[John Devine]

Hi everyone.  I am a new investor.  I sold a Airbnb property that I used to live in while I was active duty in San Diego.  Bought at a good time, sold at a good time.  I have to spend almost 400k to keep free of taxes very soon. 

I want to do multi family.  
Option A duplex-quad plex and pay mostly cash for it.  

Option B go bigger get commercial loan and do complex and use equity for down payment.  

What would you say to a brand new investor.  I have yet to make an offer but would like to ASAP.  

John 

[Bonnie Griffin Kaake]

@John Devine If you can swing it, do a 1031 exchange into a much bigger property. Learn all you can about the ins and outs of managing a multi-family property yourself or hireing a management company. Then, as long as the difference between your exchanged property and the new property is at least $200k, you will want to get an estimate for cost segregation on the new property and explore the benefits of compliance with the Tangible Property Regulations on your previous property. If this all sounds like a foreign language, contact me...no cost, no obligation, just straight answers. You may be leaving a lot of available tax and cash-flow benefits on the table.