The boot amount is taxed as capital gains and may also trigger depreciation recapture.For example, if you sell a property for $500,000 with a $300,000 basis, resulting in $200,000 of gain, but reinvest only $400,000, the remaining $100,000 is taxable.

It’s surprising that fake reviews are allowed to remain unchecked on this platform.Question, If this post was a mistake, why is it left up to create confusion for potential investors?

If that leads to a more structured and education based meeting, then that is great - if it remains just a place to gather and bounce ideas and network, that's great too.

.📈 Interest Rates UpdateMortgage rates remained steady above 7% this week.For context:2017–2021 rates: 3.65%–4.87%Pre-pandemic average: 4.16%While today’s rates are higher, Las Vegas home prices continue to rise.

Would recommend you read a couple books about BRRRR, that will give you the basics and then feel free to reach out.It remains a great strategy, but you have to manage your expectaions.

I would lean towards recommending that you pursue the deal - plus having the property remain in your family may be a net positive for you and your extended family regardless of the ultimate financial return. 

My question is: could the current tenant (age 59) remain in the property if she becomes eligible for Section 8 assistance?

Attorneys can offer guidance on the legal aspects of pre-foreclosure transactions, ensuring that investors remain compliant with local regulations.

I thought I was buying at top of the market in 2020...and 2022...but prices continue to remain high. 

Time remains of essence, we file eviction within 7 days of no payment.