I even had one slick guru recently try to sell me on creating my own course if I joined his program for $10,000 and they’d walk me through the steps of creating it and help me market it on doing LTR, and BRRRR and when I objected and said I’ve only currently got 7 buildings now with 25 units and have sold 7 over the course of years I’ve been doing it he said we’d focus on the deals I’ve been doing where I’m getting ARVs of $200,000-400,000 and not my actual numbers of properties owned.

You could argue that your property has not materially improved and does not meet the same value as the most recently sold properties.

Can be a great negotiation tool.

As you know, I sold 3/4 of my portfolio (thousands of units) right before the market tanked in 2022 and I haven't bought anything in over 3 years. 

I have bought and sold several properties across Chicago and Barrington area over the past seven years, and was a real estate agent for 2 years in my early twenties.

Tools like Buildertrend can also help you manage the project remotely.

Purchase price: $105,000 Cash invested: $23,000 Sale price: $180,000 Originally BRRRR’d, not great roi so sold.

In his, it may be called something else, but once he checks it, his software should unlock all past losses specifically linked to the sold property.

Make sure to get plenty of toy construction tools so they can help you rehab properties when they get older!

We always recommend talking to your CPA to weigh the pros and cons and know what the tax consequences could be if you sold and did not exchange :)