And the property manager is the only person with a long-term interest in your property, so their opinion carries a lot of weight!

It’s like asking someone how much weight are they losing by getting better sleep.

Portfolio = Income derived from financial instruments like dividends (including REITs), interest, royalties, and capital gains.Mostly income w/out loss potential, and favorable tax rates.Cap losses may offset cap gains w up to $3,000 loss.

I am selling a property in CA with a pretty hefty gain (great!)

As you gain experience on what you really couldn’t learn from books or podcasts, you will have the fallback of the annuities to bail you out.

Taxes:Capital gains taxes are always a consideration.

However with MACRS, the earlier years are still more heavily weighted than the later years. 

Is this possible to delay or nix capital gains? 

Leveraging the 5% down conventional loan is a brilliant way to minimize upfront costs while still gaining a foothold in appreciating markets like Gilbert, AZ.

Nickerson added “exchanging” real estate to upgrade to larger holdings without paying capital gains tax to his formula, and a number of other books were written about the subject in the next 10 years.