I have a followup question - I will realize a lot of capital gain from this home in Idaho, so I think unless I purchase a new primary residence I will have to pay that capital gains tax. 

I have a few questions- "We started an LLC" "We purchased a property" Who are the legal owners of the LLC? 

@Andrew Slezak Opportunity Zone (OZ) investing allows you to defer capital gains taxes (e.g., from crypto) by reinvesting the gains into a Qualified Opportunity Fund (QOF) within 180 days.

What would the capital gains be on the sale of each lot? 

Hello fellow landlords,The properties in question are in a market that although it is not cheap, it draws lots of money-cautious tenants. I am foreseeing a bit of a push back or even turned-off potentially decent tena...

I would sell and take your gains.

Just be mindful that you can't 1031 a personal residence but it might be eligible for capital gain exclusion from section 121.

Good afternoon everyone!I have always been surrounded by real estate and real estate investing since I was little. When I graduated I decided to pursue a career in becoming a real estate agent! It has been 4 months an...

I ultimately invested $65 cash, $5k in legal fees, and $9.7k in operational expenses while owning the home, and walked away with $17.3k after a judgement.What made you interested in investing in this type of deal?

It also requires gaining a level of sophistication and knowledge that not everyone has the time, inclination or ability to do.