All Forum Posts by: Matthew Vanhorn

Gut feeling is that 1031 Exchanges are a cheat code to scale a portfolio faster than one could otherwise. But I listen to all of the podcasts, read many of the books, and haven't seen/heard a solid strategy of how to aggressively use 1031s to our advantage. In real life, I only see folks selling bad properties via 1031 Exchange. So to ask it another way, when (if ever) does it make sense to 1031 exchange great properties into greater properties? Any real world examples of your 1031 wins you're willing to share?

The beautiful thing about the cost segregation is that the cost seg company will give you a breakdown of what the cost seg study will cost and the likely benefit of the study before you have to pay for it, so it's a win, then play scenario. Like when I did my last one, the study was going to cost $1600 and the benefit of it was $28,000 in tax savings. I don't know about you, but for me personally, I will trade $1600 for $28,000 as many times as you will let me.  RE Cost Seg is a fantastic company designed for owners of smaller properties. They are able to do it all virtually, which reduces their costs drastically from what it used to cost to get a specialist out to your house to charge tens of thousands. Highly recommend them!

Could you use the 10,000 for a new primary while you rent out your current primary? Either conventional rental or AirBNB style, perhaps? Do you currently own now? Either way, thinking of your first primary as a future rental investment can be a great opportunity to get started if you have the right home in the right market.