All Forum Posts by: Ryan Metcalf

Thanks Joe, that is helpful.  I'll explore these options when I'm putting a deal together.  It will be hard to do updates and construction with existing tenants occupying the spaces.

Jonathan, it is main street retail.

I am considering a 2 unit commercial property.  The roof has about 3 years of useful life left and the HVAC system has about 5 years left.  Additionally, one of the tenants has been there for over 35 years.  When they eventually move out I will have to update that space and bring it up to code.

This property is going to require constant investment for the next 5 years.  Is this an opportunity worth pursuing?  What should I be thinking about and considering?

This would be my first commercial property.

I will talk to my accountant.  Thank you so much!

I am interested in buying a 2 unit commercial property with an SBA loan.  I have 1031 Exchange money and my own cash to fund this.  In the larger unit I want to open a business and I will lease the smaller unit.  Both units will require construction so the units can be converted to retail spaces.  The business I want to open will need working capital from the SBA loan for first year business expenses.  Can I use 1031 Exchange money to help fund all of this (purchase, construction, business expenses / working capital)?

Thank you!

My schedule has changed and I will not be able to attend the 8/1 meetup.  I look forward to the 9/1 event.

Thanks!  This is really helpful.  I appreciate the thorough explanation.

I didn't get to claim the depreciation on a rental property on my 2016 tax return because my adjusted income was too high. I have the property in an LLC but it still shows up on my personal return. My question is, does the year still count as one of the 27.5 years I can deduct over?

Please let me know if you need additional information to answer this question.