When you sell $700k property you have to buy $700k worth of property to defer all taxes not just the amount you have in profit.  2) When you did the exchange your “tax basis” for the two properties you bought would be reduced by your profit.  

Should split roughly $80,000 profit 4 ways.

Anyone in southern Florida that could offer advice - def not looking for some program etc. would it make sense to try and partner with someone so someone else could help with identifying properties and both kindof would profit monetarily as well as stand at risk? 

Ideally we are looking for a single family home (3+ bedrooms) in an area where STRs are profitable.

Would love to discuss the kinds of profit splits and preferred returns that work for you. 

That’s a big deal when you layer that profit on top of your W-2 income.From a tax perspective, the tradeoff looks like this:• Flip: the $60K gets taxed like regular income, so plan for a heavier tax bill.

They chase designer kitchens, luxury flooring, and features that look great on Instagram but add nothing to long-term profitability.

.• Whatever cash-out is left goes to LLC #1 as profit or return of capital.• If LLC #2 didn’t pay the full amount yet, record it as “Due from LLC #2” (intercompany receivable).In LLC #2 (the holding LLC):• Record the property as a new asset at the amount it refinanced for.• Record the new long-term loan.• If you paid LLC #1 with cash-out or equity, record that as “Due to LLC #1” (intercompany payable).Big picture:LLC #1 got reimbursed for all the money it put into the project (purchase + rehab) and keeps any cash-out.LLC #2 now owns the rental and carries the new refinance loan going forward.It’s simply an intercompany transfer wrapped around a refinance.Two sets of books, two clean entries, and the numbers stay honest.

-Landlords want stable tenants, not weekenders.The MTR model hits the perfect balance between profit and peace of mind.Who else thinks 2025 is the year to scale MTRs?

Ideally would like to sell as 2 condos for maximum profit, but if town won't permit that, am willing to refinance and rent out with anticipated combined monthly rent of $4800.