All Forum Posts by: Mark A. McElhannon

I'm curious on peoples go to approach to secure financing for an investment property - use a broker? start w local bank or CU ? or even a local brick and mortar bank?

Wouldn't all the other 17 years of expenses (taxes, maintenance, fees, etc)  also be deducted from the price and not just depreciation?

I have basic question that I'm still unclear on. I'm looking to sell my first SFH, which I've owned and rented for 17 years, for a profit. I'm unsure of the tax liability/taxable gain due after the sell. This will determine if I will a 1031 exchange or not.

Is the taxable amount a) the profit or difference between the purchase and sell price, b) the cumulative net gain over the time owned or c) something else

looking to roll into larger SFH or Multi. Thanks!

Hi- I'm been a RE investor for 15 years- mainly SFHs. I'm about to sell a condo and plan on my first 1031 exchange. Possibly to a large SFM vs quad. I'd like to make the process as seamless as possible. Any advice on 1031 exchanges  would be appreciated. Thanks!