Establish what type of commercial real estate interests you most—retail, office, industrial, or multifamily—and develop a plan around that.

These are 2-bedroom, 1-bathroom properties that I had originally planned to keep in my rental portfolio, but my plans changed.

Maintenance hasn’t been too bad so far, and I recently made the decision to sell my business, so now I’ll be living off my rental income.My question is: What should my plan be from here?

However, if the 401k has business income, it will be subject to UBIT.An IRA is not subject to capital gain taxes because it is a tax-deferred retirement plan.

This can be good because your realtor will be using them as a resource to help you plan your 1031.

A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.

Originally from Africa, I’ve embraced new opportunities to build a better future, and real estate is at the core of my financial freedom plan. 

The plan was to refinance when rates dropped to improve cashflow, we just had to get out of our hard money loans at the time.

FYI - with all the social media choices, all you have to do is make a plan to post the same message across numerous platforms.- You can even recycle the messages annually or quarterly!

What is your plan after rehab.