Take this example and remove the LLC as a part of this conversation for simplicity.

Quote from @Angus Brooks: Hey All-  I own a small apartment complex in a two entity LLC and am wondering what the tax implications are for a cash out refinance. 

@Kedric Naylor, feel free to say no.

I do have a silent investor, but when it comes to securing funding, it often feels like I’m navigating it alone.

A 1031 exchange allows you to defer not only the capital gains tax but also the depreciation recapture tax, which can be at a higher rate.If you have any further questions or need assistance with your 1031 exchange, feel free to reach out!

@Robert Spiegel Great question, and it’s always a balancing act when dealing with long-term tenants who’ve been fantastic overall.Based on my experience managing over 1,200 rental homes in North Texas, including areas like Dallas, Fort Worth, Plano, and Frisco, here’s how I would approach this:Cleaning Charge: While $540 may feel steep, it can vary depending on the size of the property and local market rates.

Feel free to dm me if you want a 3rd opinion on your home. 

While I didn't like feeling I was in Time Square on the Canadian side of Niagara Falls, the New York side felt completely dead. 

UPDATE: I've been digging into this topic for several weeks now and have learned some things that I feel are important to share since I was the author of this post.

I have built enough capital to feel comfortable investing heavily and am interested in either a flip, small multi family, or commercial.