A 1031 exchange is NOT available for owner occupied property so that’s the bad news.The good news is for owner occupied primary residences, for married couples, the first $500,000 of pain is tax free.No need to worry about a 1031, live in the house, sell it, use the $500,000 exclusion and you pay KP tax on whatever profit may exist,2.

$28,000 profit Lessons learned?

Scaling was slow, and we reinvested almost all of our profits into new deals to keep building.At this point, I feel like we’ve found our niche, but I keep asking myself, What’s next?

Scaling was slow, and we reinvested almost all of our profits into new deals to keep building.At this point, I feel like we’ve found our niche, but I keep asking myself, What’s next?

Below are the key factors companies consider when choosing a city for investment:Low operating costs: Companies are unlikely to choose a location where state income taxes, property taxes, and insurance consume a significant portion of their potential profit.

I figure you need about $50m a month to be profitable, $10-20 breakeven.

Reason, if the individual is willing to give me top dollar rent and thinks he can still make a profit, then it's a win/win.

With $19K invested and a $71K purchase price, your cash-on-cash return should be strong if the rental income covers expenses and leaves room for profit.

$28,000 profit Lessons learned?

Can get it rent stabilized, sell 4 profit, rinse and repeat.