So as long as you own that new property or as long as you do another 1031 when you sell it, you'll never have to pay the tax.For down the road you'll want to think about using the 1031 to strategically begin to eliminate rather than defer tax but for this one you're in a very good position.

From a strategic standpoint, there are much better areas in Milwaukee to target short sales/pre-foreclosures.

What is the best marketing strategic "Tools, Education, Etc"  to generate leads for Lease Options Deals?

If you lose the principal, you still have a comfortable place to sleep and strategize (my browser red underlined that and says it is not a word!)

You'll need to qualify for this 300 negative cash flow on the current property plus + the new PITIA of the new home which in this above example is 1500.Now you have a total obligations of 1800 total X 2.22 income needed = $3996 gross income per month needed to qualify assuming credit and down payment are acceptable.There is a catch as well in order to use 75% of rental income from a primary to rental conversion you will also need to document you have 30% equity in your home (there are strategic ways around this as well).

Greetings fellow BP'ers in San Jose, The High-Speed Rail Authority Board of Directors recently issued an update on their 2016 Business Plan. 1 of the 4 points mentioned Merced as a strategic service station that would allow residents living in Merced in 2025  to get to San Jose in less than 1 hour.

I am a 45 and looking for a bit of strategic property advice. 

They will do it in a very strategic way so that it doesn't trash your credit.

What we do is value ad, we create value by making strategic improvements.

I absolutely love the whole industry and the people and partnerships my brother and I have created.The name of my company is Aleks Ventures and we have strategic partnerships with invesment companies, clubs, pre construction investments, no money out of pocket investments, lease tenants invesments, and tax solutions for owners of real estate, stock and privately-owned businesses.I am looking to build many more relations through this forum and and co-op/affiliate with some good companies and people.To everyones success!