10 October 2024 | 0 replies
Therefore, you may struggle to cover expenses from rental income until the current lease expires and you sign a new rental agreement.Selling rental properties in high-tax states in exchange for a similar property in a more landlord-friendly state is a common practice for rental property investors.7.
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16 October 2024 | 10 replies
They could provide the funds needed to complete the project in exchange for a share of the profits.
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16 October 2024 | 16 replies
You could cash out refi OR sell in a year and 10-31 the profits into 2-3 more doors.
9 October 2024 | 4 replies
If you're in the market for a new property having that 700k sold using a 1031 exchange is a good way to get into something new.
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9 October 2024 | 9 replies
Quote from @Alex Todd: Hi all - my wife and I are planning on a April 2025 1031 exchange into a larger (for us at least...like 5-8 units) multifamily unit.
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10 October 2024 | 5 replies
You can use 1031 exchanges to trade multiple properties for fewer to make it easier to manage in retirement or even to trade into passive real estate investments. 7.
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8 October 2024 | 6 replies
Welcome to Texas.Sounds like a great plan.Remember you can 1031 the current investment property into the next deal to save on your capital gains taxes potentially.
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20 October 2024 | 84 replies
If you are younger and seeking to rapidly build a cash flowing portfolio, if you are wanting to continue 1031'ing into bigger assets, or if you do not have the cash to take down entire deals without financing, leverage makes a LOT of sense.If you are retired (or rapidly approaching retirement with a level of uncertainty or concern about what your post-retirement income will look like), it could make sense to begin paying off properties so that you reach a point where your expected monthly cash flow will exceed what you need to live comfortably after retiring.
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13 October 2024 | 34 replies
I would consider 1031 exchange to one high quality Nevada or Arizona SFH or duplex but high prices and 7% interest rates are dissuading me from doing anything.
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14 October 2024 | 19 replies
I have a client that a few months back did a 1031 Exhange with me, never met him.