All Forum Posts by: Eugene Cheng

yes 800k appreciation already reflects all the costs (commission, expenses, improvements etc).

it has been rented for a total of 2 year and 6 days. 

Hello BPers,

Question about combing a home sale gain with a 1031 exchange. My wife and I lived in our prior single family home for 9 years until 2017 then rented it out since (+2 years). The house has appreciated about 800k. We are curious if we can do a 1031 exchange but also claim the 500k home-owner deduction.  For example, assuming it is exchanged to a MFH of the exact same price. Can I get 500K cash in my pocket and only keep 300k gain in the replacement property. If so, how does the sale proceed work with QI?  

I read an article about this https://www.bradyware.com/combine-home-sale-gain-exclusion-with-like-kind-exchange/  but it does not answer to my specific question.

Thank you

I am curious how much is your debt service to produce $350 per door?

I just started on DFW and looking at A to B+ neighborhoods. So far I get around 5% cap rate with newer build (<15yo). With the recent interest rate hike > 5%, it seems 350/door with 20% down of a SFR is really amazing.

I am an investor in CA looking into north DFW market - SFH or MFH - I am looking for an agent that has worked with OOS investors (even better agent who owns or even manages properties). If anyone has worked someone great please share with me!