I'm hoping based on the opinion of an associate (former CFO of The Health Care REIT and current financial manager for a family office in Manhattan), that Biden's elimination of step up in basis and 1031 won't fly as the entire global Re business pretty much "survives" based on these two allowances.

I've been a fly on the wall of BP for a long time now but I think it's time I take the next step and ACTUALLY act.happy to answer all questions and provide more info

I know how this can go because I am an experienced fly fisherman, and whenever a fishing rookie posts something dumb in a fishing forum, people lambaste them.

@Moaaz Malik I also find it helpful to read up on the potential of a few different markets (population and job growth, tax rates, tenant laws, etc.) and fly out to those potential markets and check out the neighborhoods and/or talk to the locals (PMs, realtors, etc.)

I would post an eviction notice But I am in FLI have a feeling in CA the situation is slightly more complicated 😀

a disaster would happen. box cars would fly all over the place.

Personally, I take a percentage of my profits from my mining operation to reinvest in additional rental properties... no... it is not a new way to fly to the moon... but it is a way that ANYONE can easily generate additional income to grow an investment portfolio... in the case of most here, a real estate portfolio. 

I figured that if my first MF is 8 hours of drive away and I need to fly to see them every time, I could easily be screwed by either tenants or bad management companies or contractors.

s are no different than that tiny chance we accept of getting in a car crash each time we get behind the wheel, or when we fly, eat at a restaurant, or of any one of lifes rare exceptions to the normal state of things.

As I was reading through the post you mentioned the above, however how do you get the best value when properties are flying off the market as @Luke mentioned?