If yu claim one it doesn't void the option to claim the other one.Provided you meet the IRS requirements for both, as a tax strategy, you could complete exclude a portion of capital gains under Section 121 and then defer the remaining capital gains under Section 1031 (@Dave Foster is a great resource for 1031 exchange). ..

I joined RaiseMasters with this mindset and have been totally blown away with the information I have been able to receive, not only from Hunter, Adam and Cam, but the support and openness from the team has been stellar.They truly have created an environment that emphasizes collaboration.

Quote from @Dave Foster: @Arthur Savery, This can be a great game plan called a diversification exchange. 

I’m working on scaling my multifamily portfolio as well, and I’m always looking for sharp, motivated people to collaborate with.

We act as a bridge for international investors looking to diversify their portfolios in Europe.If direct investments in Spain become less viable due to these tax implications, an alternative could be collaborating with local companies like ours.

It is about creating a balance between being open to new tenants and protecting your property interests diligently.By fostering a more secure leasing process, you can ensure that your properties remain profitable and that your relationships with genuine tenants are based on trust and reliability.

Quote from @Steven Foster Wilson: Originally posted by @Jennifer McCurrach:One PM takes 8%, one 6%.

Building this company with my family has taught me the power of collaboration and the importance of playing to each other’s strengths.

Quote from @Brandon Foster: Hello Ryan,STR is do able in the north county area but there are a lot of rules and regulations.The city of Oceanside right now will not allow anything STR unless it’s west of pacific coast hwy.This is changing a lot too so you need to be aware of that in your plans.Carlsbad is super strict too but there are some condos that are still available to do STR in.Medium term rentals are as safer bet but way less profitable.

Let’s collaborate and share insights...sometimes a simple conversation can spark your next big move.