. - Fractional TIC loan: you can now own a unit in a building that isn’t classified as a condominium, yet from a financing perspective, will feel that way.

And then again, maybe I’ll dive into both simultaneously since I feel very confident from experience now.Like @Michael Baum Baum said, guests from both platforms can be quality (I vet to ensure this).

So don't feel bad, happens to us and not really for our fault :)

Thanks Jeremy.I'm going to leave my w-2 job and focus on my health and shaking off the burnout I've been feeling. 

Hey Chandler, I'm delighted by your presence.. how do you feel about building a team of trusted contractors?

The calculation involves:Selling Price: $1,075,000Original Purchase Price: $355,000Depreciation Recapture: $105,300 (taxed at 25%)Capital Gains: Sale price minus original cost, minus depreciation, minus selling costs (~15-20% federal capital gains rate for their income bracket).State Taxes: Since the property is in California, state capital gains taxes will also apply.Given the multiple layers, I’d highly recommend your parents work with both a CPA experienced in real estate and a qualified intermediary for the 1031 if they choose that route.If you need recommendations for professionals in Illinois or California, feel free to ask!

Feel free to reach out any time. 

Feel free to DM me, if you'd like to chat about your plans. 

Best of luck, and feel free to connect if you have more questions.  

If you ever want to connect, discuss strategies, or get more tailored advice, feel free to reach out.