We are in a very low tax bracket this year but should be 10% higher in 2025.

New tenant must go through complete vetting, sign the lease, pay security deposit and rent, and move in, prior to the referring tenant getting their $100.

The key is that in order to completely defer all tax you must purchase at least as much as your net sale. 

One thing to think about are the tax implications of being a Canadian paying US taxes.

Taxes and insurance will be another $400+.

He is very good about deductions on tax returns so his income looks negligible and of course banks wont talk to him about loans.

With over 20 years of experience as a mortgage expert and real estate investment veteran, we leverage our mortgage company to secure below-market financing for our clients, ensuring maximum value and profitability.

Purchase price: $187,000 Cash invested: $15,000 Sale price: $259,000 I got tired of moving place to place and worrying about finding roommate, security deposits and not having enough money to deal with maintaining someone elses home.

Now consider this: all the groups people are spending fortunes to target—foreclosures, absentee owners, probate leads, tax liens—what do they have in common?

You are not responsible for his failure to secure his personal property.