All Forum Posts by: Lisa Hill

@Carlos Ptriawan Is the deadline based on when we sell?  I saw 2028 is the opportunity zone deadline.

We may have up to 500k in equity in a rental house that we plan to sell.  I found a multi unit property in an opportunity zone.  Where do I go to find out how the tax deferral works?  I’ve read up on it but am a bit overwhelmed.  Any help appreciated explaining the benefits of opportunity zone vs 1031.  Thanks!

I’m interested in multi family homes in Stockton.

@Dave Foster thanks for your input.  We haven't really lived in the house for the last 7 years so I dont think we can do a 1031.  It has been a short term rental with all bills in our name so wondering how they would know?

Kris Wong, I will look into that option.  Thanks!

@Deene Souza great question.  They are affordable in comparison to San Jose.  I lived in a superb of Detroit for a time and my husband lived in Cincinnati.  

We bought a small house in San Jose that we outgrew.  At the time we couldn’t offload it so saved for a second house.  We rented it for a time and have used it as a very successful Airbnb since 2015.  Now we have about $500k equity and Airbnb in the area is saturated so we have decided to sell it and buy cheaper properties to rent.  

We plan to put it on the market in March.  Considering listing it flat rate.  Any suggestions on this?

Areas of interest to purchase include Fresno, Merced, Visalia, Cincinnati, Detroit.  Also consider Artesia and Clovis NM.

How does one buy a property if they aren’t sure where to buy but mainly interested in deals?

Would definitely consider Airbnb again in an area not so saturated.

Any suggestions appreciated!