From what I’ve read in the Street Journal, this part of Austin is set for steady growth in the next decade.A buddy of mine - let’s call him Jeff..picked up a couple of lots near Del Valle back in 2021.

They can test even the sharpest investors.Another buddy of mine, who’s based in Austin, had a client that found herself caught off-guard by a last-minute inspection delay on her Oregon property.. from what I’ve heard in Forbes, the local market’s short supply of exchange-worthy replacements didn’t help either.

A buddy of mine talked to his tax guy who told him these “Distributions” aren’t currently taxable right now and simply adjust the basis downwards (almost like a return of principal), but when the principal actually DOES get returned (generally about 5 years out in this case), that the difference between the amount returned and this downward adjusted basis is taxable at capital gains rates - if held longer than 1 year, generally 15% tax.  

A buddy of mine here in San Diego once helped a first-time investor navigate an 8-unit purchase in Eugene, and over coffee in Old Town, he told me how the local property manager there saved them from a zoning hiccup that could’ve turned ugly.

Find a recent 30-min podcast on this topic from Ben Kinney & his buddies.

@Glenn McCrorey  - Great Job Buddy and very proud of your accomplishments!

I can attest with my buddy @Brian Garlington I have found recently that my best properties are the ones with 50% section 8.  

Josh, you should stop digging the hole buddy.

A buddy of mine, who’s been an agent in the Phoenix market for nearly as long as I have, once had a client who stumbled into a 1031 that shot their returns through the roof because they snagged a property near one of those new tech corridors sprouting up.. from what I’ve heard, that corridor’s been buzzing with interest lately.What’s exciting right now is seeing how investors are leveraging 1031 exchanges to pivot into markets that are on fire.

My buddy saw a for sale sign.How did you finance this deal?