Over the past decade, I’ve built and managed purpose-driven homes in CA that serve communities while generating stable, long-term cash flow.In addition to running care homes, I also consult with aspiring care home owners across multiple states, including Texas, Arizona, and Michigan (Detroit area).

If you sell a property, and do a 1031 exchange with the proceeds, but don't need all the proceeds for the down payment of the next property, are you taxed on the additional profit that isn't part of the exchange?

My husband and I plan to use the proceeds from our sale to purchase a larger business in a few years using an SBA loan.For those interested in exploring entrepreneurship through acquisition, I think laundromats are a great place to start.

I am exploring options - sell his place, use is as a rental or take some equity out if it to purchase another property (I was thinking maybe a short term rental on the lake)?

Very interested in the Cleveland/Ohio market in addition to a few other cross-border cities closer to Toronto. 

You could also explore a jv partnership with a local investor.

To give you an idea of how we approach it, we assume the worst-case scenario right from the start is 9-12 months of no rent, $5,000 in legal fees, and an additional $5,000 in expenses to deal with moving their stuff, putting it in storage, and dealing with health code violations or NOV's from the city during the process. 

Hello Fellow Investors,
I have an investment property in Wheeling, IL and I'm interested in performing a Cash-Out Refi. Do we have trusted advisors, brokers or community bankers within this platform who would like to...

.: I’m currently renovating a rental property and exploring ways to manage costs without compromising on quality.

I’m based in Atlanta, GA, and currently exploring passive real estate opportunities in the area.