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All Forum Posts by: Michael O'Driscoll

Michael O'Driscoll has started 2 posts and replied 3 times.

Worcester Real Estate Forum

Post: Worcester College Rentals

Michael O'DriscollPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 3
  • Votes 1

I am looking to get my feet wet in buy and hold (cash flow) Multi-families in Worcester. Specifically I'm very interested in getting into college student rentals. I would love to find a mentor or someone who I can pick their brain! Feel free to reach out to me

1 Vote
Worcester, Massachusetts
1031 Exchanges

Post: Primary Residence -> Rental--> 1031 exchange

Michael O'DriscollPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 3
  • Votes 1
  • Property #1 primary residence.
  • Buy property #2
  • Rent out property #1 and make property #2 new primary residence
  • 1031 exchange property #1

how long until I can 1031 exchange property #1? Can I have a renter do one year lease on property #1 then i'm good to go on the 1031 exchange?

0 Votes
1031 Exchanges

Post: Primary Residence -> Rental--> 1031 exchange

Michael O'DriscollPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 3
  • Votes 1

Question regarding when is your property considered an "investment property." Say I have property #1 as my primary residence. I then decided to rent it out. I buy property #2. This is now my primary residence. How long does property #1 need to be rented out to be considered a investment property. Eventually I want to 1031 exchange property #1. Basically how long would property #1 need to be an investment property to be eligible for a 1031 exchange

0 Votes