All Forum Posts by: Jeff Grant

Thank you both for your responses. I’ll probably cost seg and rent it for a year before I 1031. 

As the title suggests, I am a real estate professional and want to harvest a bonus depreciation on a property. I also want to sell it eventually to capture its equity. The single family home will realize a big gain in equity after my remodel, but it will only receive a modest rent price. 

I estimate that it will be worth about $500k and will rent for $3,300 per month. After all expenses, it will only generate $1,100 per year. My total invested will be about $380k. I would like to do a 1031 exchange to roll the equity into a house that generates a better cash flow opportunity.

How long do I need to hold it as a rental before I do the 1031 exchange? I think it will get me around $75k in bonus depreciation after the cost segregation is done. 

I want to thank everyone for their thoughtful replies and ideas. It gives me a lot to think about before I decide on doing a LTR vs spending money on furnishings for a MTR. 

Thanks for the reply and it's something to consider.

I have a recently rehabbed 4 bedroom pool home in FL and wanted to know if it was too large to capitalize on as a medium term/travel nurse rental. Is there a market for larger properties? I haven't furnished it yet and was intending to make it a long term unfurnished originally.