All Forum Posts by: Ryan Galloway

Thanks, @Dave Foster, what's not to like about that indeed!

Thank you @Shiva Bhaskar, that makes a lot of sense. 

We are currently trying to figure out what our goals are RE: growth vs. income. Growth also requires more work, and we're starting to think about how to mitigate that problem. If our goals were purely growth oriented, then I 100% agree that putting the money into new purchases makes the most sense. If we were to do that, I'm also curious if you can 1031 the sale of one property into a purchase of multiple properties, of if it's limited to a 1:1 ratio.

@Dave Foster it's an extra step but it seems like a valid solution, thank you!

Hello hive mind,

I have a question about 1031 exchanges: is it possible to sell a property and 1031 the proceeds into another property we already own to pay off the balance? If the answer is no, are there any tricks or workarounds?

Bonus points: is that a good idea? why or why not?

Bonus bonus points: looking for referrals for an airbnb/landlord friendly real estate CPA in the Los Angeles area.

Thank you!
R&D

USAA can act as your agent for an umbrella policy with their partner RLI as the carrier in this case. You don't need to switch over any of your other policies, you just need to make sure you meet the minimum coverage requirements.