.* The importance of consulting a CPA—The Section 179 election can be a valuable tax strategy, but it’s also complex and should be made in the context of your entire tax picture.

I’ve considered lots of options (all real estate based since I can do a 1031 exchange and avoid the capital gains tax).

The 734 “votes” (relative to 660 posts) tell me that you, on average do a great job posting valuable information to users on these forums, and on a regular basis. 

Thank you in advance to everyone who can provide some valuable advice and I am super stoked to getting started in my Real Estate journey! 

Might be valuable.

into another property to avoid the federal capital gains tax? 

If you’re targting properties in historic areas like Lincoln Park, be sure to budget for unexpected maintenance expenses, as older buildings often require more upkeep.Incorporating 1031 Exchange StrategiesIf you’re looking to scale your investment or defer capital gains from a previous property sale, consider utilizing a 1031 exchange.

I'm looking to connect with local investors for meetups, collaboration, and sharing valuable insights.

It’s awesome to see your enthusiasm—looking forward to the questions you bring and the insights you’ll gain.

Timing can sometimes be as valuable as improvements in this business.