Tax laws are constantly evolving, and staying up-to-date is crucial for businesses and individuals alike.

The exact amount of capital gains you can offset will depend on the cost segregation study results, so it’s crucial to discuss this with your tax advisor to ensure you’re maximizing your benefits while staying compliant.

We both want to be equally involved in the rehab as a team - up until he receives his money back after the refinance.

As a real estate investor, understanding both the Debt Service Coverage Ratio (DSCR) and Capitalization Rate (Cap Rate) is crucial because they serve different purposes in evaluating and financing investment properties.

The 1031 can defer capital gains taxes, but it’s crucial to identify a like-kind property and complete the exchange within the IRS timelines.

Chad Littell from CoStar notes that while institutional investors adjusted their strategies early in response to rate hikes, individual investors have only recently begun scaling back.July Sales ReportAccording to CoStar’s July Commercial Repeat-Sale Indices (CCRSI), the equal-weighted U.S. composite index, tracking smaller market sales, showed only a 0.2% price increase from June, with prices down 0.7% year-over-year, marking the first annual decline since 2012.

On a 5% cap building, every extra dollar of NOI equals $20 in value, so you should squeeze out as much as you possible can.

Research your local market trends before starting, and have a plan B (like renting out the property) if the market shifts unexpectedly.For anyone new to this, patience and flexibility are crucial.

But when you back into their math, NOI less debt service does not equal distributions.  

My point is knowledge is crucial, it’s not necessarily a deal breaker.Best of luck!