There's a property in my radar that seems to be inflated in property tax value comparatively to other surrounding multi-families.

I’ve looked at multiple multi family buildings for sale in Torrance, Redondo Beach, Hermosa Beach, El Segundo, and Long Beach, and when I️ run the numbers I see that I️ have a NOL.

For those of you who hold rental properties (SFR, multi-family, etc.) in parts across the country, what advice would you give to someone like me looking to pursue this route?

I know in L.A housing hacking can be tough too just because multi family is valued so high .

Each sale would be its own 1031 exchange but you can combine 1031s into fewer larger properties or passive vehicles as long as they fall within the necessary timelines. 

Use the remaining cash to purchase a passive investment 1031 compatible vehicle like a TIC or NNN lease and pay tax on the mortgage buy down. 

Hi Account Closed, I haven't had to do any major contracting work in my RE experience yet, but I did start doing research for a new multi-family construction/build in Hampton Roads and got great guidance and traction with Gary Tiller of Tiller Construction Company.I found him through buildzoom and he was one of the first contractors to respond and call me directly.

The Burlington, Greensboro, and Mebane markets are my primary focus at the moment and I’d eventually like to get into some fix and flips but for now my strategy is buy and hold for single family and small multi family.

My ultimate goal is to partner with an investor on a multi-unit deal one day!

I'm hosting a house hacking seminar in a few weeks for prospective buyers interested in multi unit buildings who want to live in one unit and rent out the others.