Use 1031 Exchanges to Defer TaxesIf you’re selling a property, a 1031 exchange allows you to defer capital gains taxes by reinvesting the proceeds into another property.

It also requires gaining a level of sophistication and knowledge that not everyone has the time, inclination or ability to do.

We estimate the project will take less than 3 months to complete.I’m exploring alternative short-term financing solutions and would appreciate any advice or recommendations on options that might work well for this type of project.Thank you in advance for your insights and assistance!

The leaders of these must gain unearned trust and authority very quickly.

have strong desire to venture in real estate and have read books about real estate and the book I'm currently reading directed me to get more insights from here!

Well 6 months + later, still no rate cut in sight and I think it won't happen sooner than Nov.Ok then your talking about a fund that might buy defaulted paper in the secondary market with the thoughts of either reinvigorating the borrowers or foreclosing and selling the asset and there by creating the returns.  ?  

Partner Driven’s expertise in market timing, combined with Archie’s local insight, ensured a fast and efficient transaction.

@Christopher J Driscoll did offer some great insight from his experience with ADU's as an architect and property owner.

Even then, the IRS may scrutinize the transaction if it appears the intent was to immediately convert the property into a personal residence.Additionally, if you eventually sell the property after converting it to a primary residence, you may qualify for partial benefits under the Section 121 exclusion for primary residence gains.

By the time they research and go down all the rabbit holes of different strategies, never sticking to one in order to gain traction, they get exhausted, throw their hands up and never take any real substantive action.Pick something and go with it, all the way to its conclusion.