Grab a copy of my book Lend to Live: Earn Hassle-free Passive Income in Real Estate with Private Money Lending.

Travel Quit JOB by age 40 Net worth of $1M by age 40 Passive income of at least $20k by age 45STRATEGY Our main source of capital will come from completing 2-3 fix and flips per year.

Now, property values have dropped—almost to the point where the capital gain tax I avoided through the exchange is offset by the decreased value.Has anyone found an effective 1031 exchange strategy that allows you to take advantage of the tax benefits while still buying the replacement property at a good price?"

That said, typically you want to keep your passive and non-passive income separate.

Is it worth it to potentially take a slightly smaller return on this one deal to gain the knowledge/introductions for me to repeat this process in the future acting as my own GC?

Have you gained possession of the house?  

I’m sure everyone has heard the proposals of a possible 25% unrealized capital gains tax.

Passive Activity Loss RulesIf you are a real estate investor that doesn’t qualify for REPS status (discussed in #5 below), understanding the Passive Activity Loss rules is crucial.

As I explained in the offices, real estate investing is not all cupcakes and rainbows, and passive investing can be tricky. 

Recently started a new chapter in my life and just found bigger pockets, building passive income and the FIRE movement.