., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.

Happy to be here - and good to have a good hard-money lender as an option!

I am an agent

As a backup plan, if I have to go with a local PM company that only leases the entire home, could I use an addendum to add additional tenants to the existing lease while ensuring everything is legally structured?

That would mean one should file for an out of state loss.

Got an equity line of credit and borrowed from it to pay cash for the property.

Hey everyone, I came across an off-market property in Central Phoenix and wanted to get some thoughts.

House hacking is an incredible way to live affordably while building wealth through real estate.

I can provide support of checking in on contractors, staging rental properties, walk potential leads to give you an idea of the property in person or what the area is like, meeting with agents, and drafting scope of work for projects. 

That makes your bookkeeping easier, and it can also provide liability protection if you hold title in an LLC.