Once you sell your old property and use a QI, the exchange will be complete and your capital gains will be deferred.

Currently working to gain capital as I educate myself and seek knowledge through every possible avenue.

If you're going to owner occupy and and want to benefit from some rental income then I'd go for it, but if you're looking for some combination of appreciation and cash flow there are better places to put your cash.

Plus for its high cash flow potential, utilizing a 1031 exchange to reinvest gains effectively made this experiment a relatively low risk for me.

By househacking a multifamily, you'll gain the same acquisition experience as you would purchasing a condo/co-op.

If you go out of your way to jump through all the hoops, all you can claim is 60% of cost segregation benefits.

Would like to sell and capture gained equity, also cash flow is not great and the house needs more work.

However, this provides tax benefits over time rather than an upfront deduction.This post does not create a CPA-Client relationship.

Hi Xavien,You’ve raised an excellent and often overlooked point about the benefits of business credit, particularly for real estate investors.

Today all these homes could be sold on the market for a good return since homes on Long Island has had big gains.