All Forum Posts by: Jay Chandler

Thank you everyone for the feedback! Much appreciated. 

You can do both. You can buy OZ real estate and start your own fund. Its just an IRS form you fill out when you file your taxes. Ofcourse you have to create the LLC as well but thats a given.

Look into Opportunity Zones, buy some rental/income generating real estate in the zones and follow the rules, you'll defer a good chunk of the gains for up to 7 years and then after 10 years if you sell there is no capital gains tax.

Hi there

I bought a townhome in Oceanside, California back in 2016 for 445k. Its 3 bedrooms/3.5 baths in a gated community and a 15 min walk to downtown Oceanside/the beach.  

Id say its worth about 590-600k.  

I have great tenants in there and I am cashflowing $300 a month not including any unforeseen maintenance.  Downtown Oceanside is an "up and coming" area and I "feel" that long term the property could severely appreciate.

However, I want more cashflow.  I could sell the place and invest the equity into out of state rentals and (hopefully) net $1000-$1500 month.  

Im debating this vs keeping the property for a while.  My wife and I lead a comfortable life and net over 200k from our W2 jobs.  No kids yet, but maybe in a couple years.

Also if you are willing to look into San Diego, you can find some amazing areas.  La Jolla, Encinitas/North County coastal areas. 

For example:

https://www.zillow.com/homedet...

Leaves you plenty of room for a reno budget.

Ive lived all over SoCal and do not agree with many of these proposals.

With a 4 MILLION DOLLAR BUDGET you should be living in a nice oceanfront area.  Balboa Bay area in Newport is extremely walkable, as is Laguna Beach right off the oceanfront.  Manhattan Beach and Santa Monica are great areas too.

You should come here and check all of these areas out as there are pros and cons.  Santa Monica has an amazing downtown /promenade area right next to the beach, but its usually  crowded and there is a large transient presence. 

Thanks for the reply.  Ive always been interested in real estate (I own a couple rental properties) and want to grow my portfolio and exposure. Seems like opportunity zones offer the only real tax reduction. 

Thanks Ashish

Im not really following your strategy.  Could you give an example?

 Could you elaborate on this?

Say I am a real estate professional, and my spouse sells some crypto for a gain.  This will help me use real estate boys depreciation against capital gains?

Say I have securities such as stocks or crypto currencies.

If I hold these over a year and sell, the gain gets taxed at a 23% rate + the state tax rate.

Other than opportunity zone investing, is there ANY real estate strategy that can help with this?

I initially thought I could use bonus depreciation through cost segregation on commercial properties I invest in, but this apparently cannot be used to offset non real estate sourced gains.

Thanks.