Most importantly I’d love to build relationships with more people in the community and establish friendships that can last a lifetime.

How do you claim taxes on a primary house that you house hack?  

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

Does anyone know if they release the house after they finish selling or building the remaining homes? 

You could end up paying holding costs like loan interest, property taxes, and maintenance for longer than expected, which can eat into your profits.Then there's the issue of selling for less than you expected.

@Timothy Lin  The idea of the 1031 exchange benefit is to allow investors to use the capital gains tax they would otherwise have to pay when selling their investment property, And keep the profit from the deferred tax in their pocket.You get to indefinitely defer it into any type of real estate that that might meet your needs better. 

It’s advisable to consult with a tax professional or real estate attorney to ensure the arrangement meets both your needs and complies with tax laws.In a seller financing deal, once you start making payments, any equity you build in the property does indeed go to you, not the seller.

Being in an LLC has ZERO tax benefits.

1031 tax deferred is for investment property.

Hi all - I have a 4 unit building in St.