As you grow, use 1031 exchanges to defer taxes and scale your portfolio.This post does not create a CPA-Client relationship.

Once in service, expenses become deductible, reducing taxable rental income.This post does not create a CPA-Client relationship.

While this guidance provides general steps, it’s not legal advice; an attorney will ensure the process aligns with your specific circumstances.This post does not create a CPA-Client relationship.

Last but not least....A few members in replies have already mentioned why it makes sense to hold…….I very much appreciate ALL FEEDBACK, however I think it will be helpful to provide some added context as to why I am absolutely certain (and my CPA’s are convinced as well) on my decision to liquidate the entire portfolio and onceAs I educate clients on daily, income tax brackets as well as long term capital gain tax brackets in our country are more favorable right now than they've been at any point in the past 80 years.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

You could look into forming a C Corp as an alternative way to own this property that could affect your tax returns differently, I am not a CPA or giving tax advise.

If the signs point to selling, consult your CPA about the tax implications.

Our CPA told us that we would not be able to deduct interest from a HELOC if the funds were used for anything other than improving the property in which the equity is the source of the loan.  

Selling multiple properties in a 1031 exchange to consolidate funds for one investment property is allowed, but the property must initially be used solely for investment.This post does not create a CPA-Client relationship.

*This post does not create a CPA-client relationship.