It’s 20 years later, I’ve gotten many deductions against the bases that I exchanged 30 years ago and actually have losses that I’ve accumulated from the purchases or (rather exchanges ) that I did and still benefiting.I believe I would use the exchange in anyway that you can.

This is the great cycle of wealth accumulation. 

I was under the impression that you did all of the handy work.Also congrats on accumulating all those properties, they are sound deals.

Cash Flow: The goal of a LP syndication investor is to create a "ladder" of investment that create accumulated cashflow and cashout at different times.

Double-entry accounting is needed to create a true Balance Sheet that tracks items like your basis and accumulated depreciation. 2) REI Hub is very customer service oriented- we offer onboarding calls to everyone who signs up for a free trial and provide ongoing phone and email support. 3) REI Hub is a paid subscription (30 day free trial), while Stessa is free.

BackgroundMy wife and I have lived in our principal residence for 8 years and accumulated enough equity to take out a HELOC (currently at 4% interest) to use for a down payment on our first rental property.

If you are seeking out asset accumulation and equity appreciation over the long term then there are certainly fortunes to be made.

Welcome to the university of real estate investing, I say.I am putting in a lot of my own sweat equity and that, alongside with business meetings with the wife, networking with other investors and all the communications with my real estate agent, insurance agent, lenders, contractor and subcontractors, are accumulating to the point where I can likely achieve the 750 hours of real estate work required to designate myself as a "real estate professional" on our next year's tax return.

It should not mean you will have that extra income to spend on frivolous things and doo dads because you want to be a PAW (Prodigous Accumulator of Wealth) not a UAW (Underaccumulator of Wealth).

I'm looking for long-term wealth accumulation and for the near-term tax benefits.I'm hoping that I can extract some good information from everyone here and hopefully contribute some of the same at some point.