I only sold the property because my partner wanted to, it was a great rental for us.

I checked in with some of my clients who I had referred to S4RE (the company that was sold) to ask about how Poplar was doing.

If the properties you are buying with the same LLC are to be renovated and sold, that's fine.

Investment Info:

Other note investment investment.

Purchase price: $180,000

Sale price: $180,000

This duplex was on a peaceful, quiet block in the heart of 19120. Both units were separately metered w...

Sold to tenant before having to pay capital gains tax (extended occupancy test due to military move).

A PML in markets like Phoenix probably didn't have a great time getting short-sold in the great recession. 

It can be an extremely powerful tool to start to scale. 

My focus now is on consistent rental income since I don't really have the tools and knowledge to make wise appreciation plays.

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.

I purchased a tax lien that was sold the next year with a “warranty deed” The lien was for 2022 taxes and the deed was transferred in 2023. prior to the transfer there is a long history of tax sales and different names paying taxes including a previous investor. how far back does the line of interest go and would the previous investor be considered someone who “holds interest” in the property?