If you invest in an opportunity zone and hold for 10 years then your gains on the property will be tax free.

A 1031 exchange can be a great tool, but it’s typically used to defer capital gains taxes when you’re selling one investment property to buy another.

A lot of self employed property managers I know come from 2 paths, either they worked in property management under another company, gained experience, and left to do their own thing.or they had their own property and learned on the fly until they were big enough to start taking on 3rd party stuff. 

I am investing in self-storage with a growing group of passive investors.

We are planning to enter the STR/MTR market(s) in Raleigh, NC and would like to connect with current investors and operators to gain insights on building out our team (cleaning, handyman services, contractors, etc.).

Note: I know owner will have to pay capital gain tax, etc. so I want to put a proposal together that can compare selling on the market vs. selling it to me and how advantageous it would be, but I can’t find the right numbers for it to work yet.- How do I make this work?

So you’d actually be cash flow positive. 2) do you not have any net gain?

@Daniel Sunday what do you stand to gain by making offers without an agent when offering cash?

If I sell it in 1031 exchange, can I then get another rental, rent it out for 2 year and then make it my primary residence i.e. homestead and that way avoid any depreciation recapture and capital gains?

When you have a big cost segregation depreciation plus your big startup expenses such as furniture and supplies, and you then have a big tax deduction against your big W-2 income because your passive losses are no longer limited with your big material participation, it increases your audit risk a ton.