It's a weird time, so I elected to work with the tenants to find a solution that worked for everyone.

Obviously it's a guesstimate at best to predict  however with the current recession , unknown election results / implications and covid unknown it has me thinking we see a retraction in prices at some point.2011-14 price levels would be horrific depending on your market and what you bought in at. 

. - Carriage House needs a lot of work to convert buuut has a modern foundation meant for a two story house and roughed in plumbing.- Renos will take 3-4 months unless permits hold us up.- Property is in Kitchener, Ontario, Canada

Originally posted by @Dustin Sanders:@Joe Villeneuve- 2 Self Storage facilities & 1 rental property ($1M in assets but with $0 in savings)- $1M in savings (but 0 assets) No, I meant define each asset based on their % of equity/debt

It's an election year and it will get crazier the closer we get to the election.

PM me and I will send it to you. its meant to give to the seller to inform them of the possibilities.

I know it’s what I was meant to do, and waiting these next two years I feel like I COULD be doing SOMETHING !

There is a serious possibility of a major change in power in the federal government after this Fall's election, and with this change we are hearing proposals that could almost double Capital Gain’s Tax Rates, eliminate the Step-Up in Basis and remove Section 1031 Exchange…FEA Leadership and GAC are very aware the presumptive Democrat Presidential nominee, Joe Biden, has a tax plan that will eliminate many “tax loopholes.”

You may be able to accomplish your goal by electing S-corporation treatment for your LLC.

HahaWhen I said expenses I actually meant as far as your Real Estate investing is concerned...not your personal expenses.