However, there is a requirement that in order to defer all tax he must purchase at least as much as his net sale. 

NAR Says - Existing home sales fall to lowest level in nearly 30 years and Median housing prices rose to a record high"The National Association of Realtors released data that showed existing home sales declined to the lowest level since 1995 last year, with 4.06 million homes sold on an annual basis.Meanwhile, the median home price median home price rose to a record high of $407,500 in 2024."

You can’t only 1031 your portion of the LLC’s sale of the property. 

Lot's of power potential that can go horrifically wrong real fast mishandled. 

How about a sales contract with contingencies but with a limit where the buyer can only terminate the contract if their find material defects exceeding a certain dollar amount.

Could VRBO users from Michigan provide some clarity about the topic of sales tax/lodging tax collection and payment to the state.

I purchased this before deciding to get in to real estate.I am trying to decide if I should rent the property out or sale it to buy something with long term investment in mind.

Airbnb hosts have the ability to make a difference. Airbnb.org, the nonprofit arm of airbnb.com, offers hosts options to assist with emergency housing in times of crisis, such as the 2025 Los Angeles wildfires. Hosts ...

In the City of Austin, we saw a 6.5% increase to $575,000*Total sales increased 2.5% in the metro.

@Steve Powers Thanks for the feedback.