
9 May 2024 | 2 replies
How can I help you achieve your goals in exchange for you helping me?)

8 May 2024 | 7 replies
@Seo Hui Han,You certainly can 1031 exchange from your current commercial into a multifamily; no technical issues there.To speak generally, multifamily properties tend to have more stable cash flow but lower income potentials than commercial.

8 May 2024 | 14 replies
Essentially we would actively manage each new property for the first year in service, take bonus depreciation on it, then 1031 exchange for another. 1.

8 May 2024 | 4 replies
That may seem obvious but in my experience, 99% of ongoing maintenance issues are because the property is old and needs either a large cash infusion to make them go away or what I like to do is 1031 exchange into something newer that requires less work.

14 May 2024 | 125 replies
You could possibly look for an agent to help you on a 1031 as well, get out from underneath the blanket mortgage, you could net a little higher going this route with the plan in place to exchange into something with higher returns.

5 May 2024 | 4 replies
Rather than realizing the $100k gain plus any depreciation recapture, I bought a property for $500k through a 1031 exchange.

7 May 2024 | 4 replies
Even if the intent is to convert this into a rental upon grandma's passing, you still would like the step-up in basis unless you plan of lifetime of 1031 / 721 exchanges.

7 May 2024 | 8 replies
Additionally, there's a fixed self-employment tax.Income Tax: 22% * $70K = $15.4KSelf-Employment Tax: 15.3% * $20K = $3.06KTotal Tax Due: $18.46KRemember to account for any state taxes as well.To defer taxes entirely, you could utilize a 1031 exchange, which allows you to reinvest the proceeds from the sale into a similar investment property, thus deferring the tax payment until a later date.Example #2: Long-Term Capital GainsNow, consider a scenario where you hold onto the property for over a year.Project Details:Property Cost: $70KRenovation Costs: $50KResale Price: $200KProfit: $80K ($200K – $50K – $70K)Since self-employment tax doesn't apply, you only need to calculate the long-term capital gains tax.

9 May 2024 | 159 replies
And maybe buy 2 or 3 properties with each 1031 exchange if you can find some they cash flow.

8 May 2024 | 33 replies
Hey everyone - been a long term rental investor since 2005 and now looking to diversify in STRs (aiming for the Smokies to start) later this Summer through a 1031 exchange.