I didn't realize, one has to hold for a year to do a 1031 exchange. 

My real estate journey began in 2010 with a three-family property that I lived in, renovated, and eventually turned into a profitable rental before selling it via a 1031 exchange to purchase a short-term rental.My current goal is to acquire my first multifamily property using private lending by Q1 2025 and grow my portfolio using the BRRR strategy.A question for the community: What’s been your most effective way to connect with private lenders for small multifamily properties?

Otherwise you could be wasting your time.I have clients from CA and NY do exchanges in GA and other states.

.- If I use a 1031 Exchange, does the next property also have to be a duplex?

Wagner used to work with an agent called Jean Gillen and I contacted them about some turnkey properties they were advertising. after some exchange of pleasantries I shared with her that I bought in Ocala in 2017 via another turnkey group and she went on to kinda talk very negatively about how poorly built these homes are.

The "cash-for-equity" program from QuickLoans appears to be a shared-equity or deferred repayment model, where you receive upfront cash in exchange for giving up a portion of your future equity.

The agreement reached was the landlord would lower $100 of the rent (current rent: $3100) in exchange for us to paint the two bedrooms.

. - tax benefits, can 1031 exchange (kick the capital gains tax can down the road for years until you die)- generational wealth and step up basis (if you die, the value of the property is stepped up to current market value for your heirs.

Then you can do a 1031 exchange or sell it at a lower tax rate. 

That’s something you’d want to figure out through tax planning.Regarding the 1031 exchange, bonus depreciation doesn’t affect whether you qualify for one.