It came with an active private airport that we had to decommission because the insurance costs were higher than the rental income.Airstrip is 2000 ft long and the lot is 500 feet long.I was interested in developing a community of "cottage" style apartments on this lot.

HOWEVER, if I utilize the Section 1031 exchange in conjunction with the Section 121 exclusion, does that mean I can shield the remaining ~$50K gain from capital gains tax assuming I can find a suitable property in which to reinvest?

HOWEVER, if I utilize the Section 1031 exchange in conjunction with the Section 121 exclusion, does that mean I can shield the remaining ~$50K gain from capital gains tax assuming I can find a suitable property in which to reinvest?

The license is coming back into style but I'm still pondering the mingling of the mayonnaise n marshmallows...lol

I'm not sure how to describe the complex they're in, as they are townhouses in an apartment-style area.

Also, if you're looking to self-direct your IRA, you may want to listen in on this Self-Direct webinar this Thursday, 6/23/16 hosted by Brian Davis of AccuPlan.Lastly, as an investor focused REALTOR with a financial analyst background, I'll be happy to help you find rental income opportunities that are suitable to your situation.Have a great SoCal Day!

My girlfriend and I are looking for suitable living quarters in the South Jersey (NJ) area.

Lakeland-Winter Haven area has many warehouse style jobs and is in a great location on I4.  

Is there a process for building 4plex townhome style property, renting out for however long and then dividing the units to sell individually?

Passive Income  is always good - I like to do a system I call Control and Roll - it's way of controlling real estate with a skinny contract of sale with special clauses that allows me to sell the property at public auctions during my contract period - if it does not sell - I don't have to go to settlement --You need to make full disclosuresFind a suitable auction companyBe prepared to pay the advertising for the auctionHave a complete and disclosed assignment agreementExample: We did one recently where we controlled the property for $50,000 and sold it within 4 weeks for $90,000 - we kept the $40,000Control and Roll type of investing is the highest leverage in real estate that you can getC&R is a great way to build cash capitalWishing you good luck -