I’ve been investing in Detroit for years and built my 12-door portfolio there, generating $16K/month in gross rents.

I want to (willing to) learn everything I can but I do not want to start a new career but I 100% want to be in real estate!

So, $12,000 a year off $50,000 investment was already a 24% Cash on Cash home run.

The key for me wasn't to invest in the 'best place' but to know a market so well that a deal jumps off the page when it appears.

This allows me to pay off the private loan (~$550K principal + $49,500 interest).

Intangible assets like goodwill or tangible personal property (e.g., 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.

I want $140k cash flow a year!

I look forward to fostering a growth in knowledge, understanding, and connection by utilizing the tools and resources provided through bigger pockets.Thank you for your time,Brian Luter

Is there a place to find Private Investors as in one person?

Hey Ankit, welcome to the investing world!