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9 September 2024 | 14 replies
Just focusing on the tax issue for you: 1031 Exchange in 2025: If the leaks keep coming, selling and doing a 1031 exchange into a more reliable multifamily could be your best move.
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12 September 2024 | 59 replies
Well with it being a weekly/monthly rental situation, we dont need to clean that often, so when it does need to be cleaned, we usually have the manager do it, we include that as one of the tasks that they do in exchange for discounted rent.
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12 September 2024 | 6 replies
Best bet is to establish a heloc if you intend to borrow funds short term.
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10 September 2024 | 10 replies
I would try and do a 1031 exchange.
10 September 2024 | 7 replies
If the property is bleeding money every year from repairs, maintenance, or turn over you'll never get ahead.You can tap equity with a HELOC (challenging right now), cash-out refinance into a new loan (much higher rates), 1031 exchange, or sell (tax hit) but the numbers and property condition need to guide this decision.
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11 September 2024 | 1 reply
You didn't provide the numbers, but I'll bet you have a lower ROE than the interest on a a 10-year treasury note.
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10 September 2024 | 2 replies
Reasons were many, but financially speaking, I had received a growth opportunity from my employer in exchange that I relocate to another part of the country.
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10 September 2024 | 7 replies
Flic and Flips don’t typically qualify for 1031 exchange tax benefits.
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9 September 2024 | 12 replies
But when you purchase a property, your basis for deprecation is the cost of the property to YOU (except in the case of a 1031 exchange, the rules are a bit different).