It seems a stretch to pay for the Rig with Section 179.I would have development equipment onboard and dedicate a portion of the space to developmentI could put the companies logo on the side as advertisementGiven this, what tax strategies are actually practical?

Even if you adjust it over time, the effort spent upfront will pay dividends as you build momentum and make informed decisions in this field.

@Jason Wray Thank you very much for this response ..I’ve never sold one of my rentals before feels like I’m cutting off a leg and paying close to 100k for cap gains is really starting to eat at me 😵‍💫Any chance you would be so kind as to send me a link to something in the ballpark of what you’re suggesting this way I can get an idea of area and what this type of property could look like!

You'll want to get a tax estimate if you sold in 2024 so you can pay in the appropriate amount of tax (Assuming you didn't do a 1031 exchange).

The other 40% realizes it will cost a lot of time and effort to move and that they’ll likely be paying even more afterwards.

You can put your license in referral at most brokerages and pay no fees and still be able to do referral business.

I would like to work out a payment plan whereby they pay me while I have control of the rights to the mortgage then in 10 years I pay off the principal.

Additionally, the supply of homes for sale is constrained because of this and will be for some time putting upward pressure on prices in most markets.Thinking about renting your house in Seattle would be wise as someone else will pay the mortgage down, and rents and the value of the property will go up over time.

@Shawn FletcherI would never pay $10k for any type of training from someone on real estate.

Otherwise perhaps your winter people will pay $500 extra if your cap is $500 and that is not what your competitors will be doing.