My wife and I want to move out of stocks and in to cash-flowing assets once we hit 59.5.

I have yet to do a 1031 exchange or a cost segregation study (I'd like to see how this plays out long term when selling or doing a 1031 exchange into a different property) or expense business travel/mastermind/classes. 

Here's my situation:2024:- W2 income: ~ $1M (married filing jointly in CA) LLC profit: $80K (from 2 real estate flips, in NC on spouse's name)Capital loss carryover: $380K (from stocks in 2023)In what cases can my LLC profit be treated as capital gains? 

I did a 1031 exchange for two C class townhomes I sold to one of my investor clients from the West coast.

You lowered the amount you had/have to buy with your exchange.

And then if it costs you $1k per lot for 1031 exchange it might be under $4k.

There’s so much to learn in this space, and one of the best parts is exchanging ideas and experiences with fellow investors.Looking forward to seeing your insights and discussions here!

I love it.Initial things to consider - Real Estate is a tangible investment versus stocks, which aren't. 

I have used both TSP loan and HELOC to purchase investment...I certainly thought the ROI from real estate was better than relying on highly fluctuating stock market. 

Or sell using the 1031 exchange along with a partial 121 primary residence exemption There is a way you could take advantage of the 121 primary residence exclusion allowing you to take the first $250k of the gain tax free ($500k if married) and qualify for a 1031 exchange.Say you purchase a property as your primary residence (house hack extra rooms for extra income) and lived there for two years while stationed there.