Should I offer this guy a 5 year plan to help him save on capital gains?

Hey, I have $80K-$90K liquid money Interested in investing in real estateI have experience of 2 years of wholesalingMy goals are to increase capital + accumulate properties.

There are some key limitations that are important:Passive losses can only offset passive income.Up to $25,000 in passive rental losses may be deducted against non-passive income if the investor actively participates and their modified adjusted gross income is below $100,000.Unused passive losses are carried forward to future tax years.Here’s an IRS article that further discusses the rules: https://www.irs.gov/publications/p9251031 ExchangesThis strategy allows investors to defer capital gains tax when they sell a property if they invest the sale proceeds into a “like-kind” property.

Austin is the capital of Texas, a corridor of the Golden Triangle (Dallas-Houston-San Antonio), home to a huge university, a large population, and still a lot of job opportunities.Overall, the market is warm, not as HOT as the weather right now.

As others have mentioned a house/apartment built in 1900, 1950, and after 1980 are very different in terms of capital expenses required.

They are raising capital for a 506b (family and friends unaccredited) hybrid deal (in another state) that includes an apartment, selling some SFHs, building a few Multi families for air bnb etc.I wanted to pass by you folks to make sure it's a decent deal for me.

All of the value would be considered long term capital gains and so I was trying to see if I could instead 1031 exchange the proceeds into an investment property which I’ll eventually move into and sell with the primary residence deduction.

Originally I used Mint, then Personal Capital, followed by Mint again.

Good old capitalism in the USA  - I'm considering starting a course charging a fraction of what they charge but I hate being on video.

However, I am aware there is tremendous opportunity here, and as a smaller developer in particular, to capitalize on and benefit not only my company but the comunities we build in, as well as the city on the whole.