Hi Dong,Since you mentioned "profit"  and  you further brought up that depreciation is super high since you were renting it.I will assume the original purchase price was $380,000 and you were depreciating it the past 7 years and now your taxable gain is $116,727 calculated as follows.400,000 - 380,000 - 96,727(depreciation at 7 years assumed brought on jan 1 and residential building) = 116,727.Your agent is referring to section 1231 of the Internal revenue Code where the IRS allows you to DEFER gain on an investment property if you sell and acquire an investment property.The code calls for very strict rules on when you need to choose your new property once your property is sold.

DING DONG?

Dong, thanks for posting this.  

@Tony Dong  I left my Sr.

What are you dong?

Hi @Michelle Dong, congratulations on getting into commercial real estate!

Quote from @Cong Vu: Hi everyone,I have one-year lease with the tenants.

@Michelle Dong, Taylor knocked this out of the park. 

@Dong YanI’m conservative and works use a long term fixed rate loan.

Quote from @Michelle Dong: Quote from @Zachary Inman: Hard money if you're feeling confident in the deal.