Thanks for readingDavid $250,000 tax-free?

The era of "everything prints money on Airbnb" is LONG GONE! 

This will cost you a lot of money and time.

Many Realtors will suggest purchasing a property using a FHA Loan, to reduce your out of pocket money.

Hello All, I have a client asking if they could buy a portfolio of 5 properties (at a "packaged deal" rate) and sell off two of them to recoup some of the initial down money needed to buy them. 

You will need to justify the sale price of those assets to the new owner at their then current value on your books.It is a big hassle to do this, but it can make you a lot of money if you do it right and are careful in your record keeping.

You payment is $2,600 plus tax and insurance.

However, in California, each LLC incurs an $800 annual franchise tax plus gross receipts fees if revenue exceeds $250,000, and property insurance may cost more.

The interest would be tax deductible due to interest tracing rules. 

Everytime you get close to depreciation running out (or want more) you 1031, expand your holdings, and your tax write off.