If the $700K sales price is not used correctly to acquire qualified real estate, the exchange could fail, triggering tax liability.Future exchanges will depend on the total value of the replacement property acquired, so entering syndications could limit flexibility.

Selling would likely trigger capital gains taxes (unless you lived in the property for two out of the last five years or use a 1031 exchange).

@Cody Ford Without having specific expenses and the 4th rent amount I can’t say for sure if I would pull the trigger on this property.

Hey Christina- Was just curious to hear if you learned more about this and if you and your husband pulled the trigger on something yet?

We're exploring creative ways to provide him with the cash needed for the down payment while avoiding triggering a taxable event.One strategy we're considering is purchasing his future primary residence ourselves, making the mortgage payments, and then, once we've built enough equity—comparable to the appraised value of his rental properties—transferring the title to him as a form of exchange.What are your thoughts on this approach?

Highly recommend you looking into a checkbook IRA instead of cashing out.Sure you can take out the principle since you’ve already paid taxes on it but this money is supposed to be for your retirement and in a Roth your real estate can grow tax free, though check with a CPA to see if STR will trigger UBIT in an IRA.

I’m sure the community here has a bunch of insights, so I’d love to hear what you’ve got in mind before you pull the trigger!

I'm not understanding the purpose of wanting to refi.As for the phone calls, look up trigger leads and how to opt out.

Hardest step in everyone's journey is to pull the trigger on a deal.

Specific technical issue that triggered this post.