I remember when I bought my first investment property..it felt like navigating unchated waters, but it was one of the best decisions I ever made.The BRRRR method is a powerful strategy.

My journey into real estate began with a fascination for property markets and a desire to create impactful investments.Currently, I'm eagerly scouting for opportunities in real estate, aiming to leverage my knowledge and network to uncover hidden gems and lucrative deals.I thrive on collaboration and believe in the power of partnerships.

If done this way, the investor could use this as a powerful tax strategy to spread the taxable event over years, lowering the effective tax rate faced from the taxable events.I have heard professionals compare it to an installment agreement, but with more control.

The knowledge sharing is very powerful.

My STRs are a few counties south of Asheville and lost power for a week.

The damage to the property can be handled over the next several weeks (large tree on roof, landscaping destroyed), though it is unclear when we will regain power and water (potentially weeks beyond repair?).

That's a powerful story @Jeremy Beland! 

Like Account Closed mentioned this gain is made up of two parts - capital gain and depreciation recapture both taxed differently.The 1031 will be a powerful tool for a planner like you. 

We were without power in a mess here in SC.

Very powerful!