The first was a development project converting a motel into an apartment in Tucson.

Section 721 of the Internal Revenue code allows an investor to exchange property held for investment or business purposes for shares in a Real Estate Investment Trust (REIT) or an Operating Partnership without triggering a taxable event.Many investors are aware of a 1031 Exchange where an investor must find a replacement property to defer capital gains taxes on the property that was sold.

Then it may be possible to develop a better repair budget or adjust the preventative maintenance schedule.For example, unexpected property damage could be viewed as a short-term issue, and you should quickly bounce back financially.

I have flipped a few houses during covid and remote working times and was fortunate enough to grow up in a family of real estate investors and entrepreneurs which has provided me mentors and exposure to starting and operating a business.I am thinking of starting my own construction/development company in a few years time and wanted to hear some opinions from people who have done it who are outside of my circle.

The first was a development project converting a motel into an apartment in Tucson.

The cost to entry is low, lots of inventory, and there are developments happening in and around the city.

The first was a development project converting a motel into an apartment in Tucson.

@Neil Narayan Hays county is prime for growth and far behind the development Williamson county has had.

Back in 2012, he purchased a property in a partially developed subdivision for around $215,000.

As many STRs in the area, I have been dealing with cancellations and loss of revenue and will likely to do so for the forceable future.