If you enjoyed it, we’d love a quick review—it helps us a lot!”

Quote from @Holly Radice: I am looking into purchasing a 4 unit in Ohio as my first property.

They were good purchases, even good deals.

@James Boreno You’ll likely owe taxes, but don’t forget to account for your adjusted cost basis, which factors in the original purchase price, depreciation over 10 years, and any capital improvements.

My question is do I go forward with purchasing the property and deal with the higher insurance and potential hazard or is it smarter to walk away?

If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.

I enjoy helping Bigger Pockets members and teahing all the loopholes I have found out over the last 18+ years!

I don't know if this is for you, but my husband and I have mentored quite a few investors in Canada and helped them purchase their own multifamily. 

Quote from @Michael Overall: Good day, If an investor has 10 rentals and wanted to over time sell them and put the money tax free from a 1031 toward a large purchase is there a process to do that? 

Purchase price: $17,000 Sale price: $27,000 Contributors: Peter Vekselman Partner Driven and Archie Raglin acquired this property on 1/3/2025 for $17,000 and sold it the same day for $27,000.