Taxes on the original gains are deferred until December 31, 2026, and future gains from the OZ property can be tax-free if held for 10+ years.

My concern is whether I’d then be locked into only larger deals in the future. 

Owners who prioritize full control of their future profits or plan to sell soon may not find this appealing.

For context, downtown Alexandria performs super well as a rental market and bringing in $5.5k+ as the monthly rental income if you choose to move out of the househack in the future will be absolutely feasible (depending on the property of course).

Will refinance if rates go down in the future. 

Its gets indexed by search engines very quickly and all those search engines keep complete copies of everything they indeWe care about our users and future viewiers, which is why our policies exist.

Emphasize how this arrangement could work to their benefit, offering steady income, avoiding a traditional sale process, and giving them the freedom to move forward with their plans such as buying that sailboat and sailing around the world.If they ultimately decide they’re not interested in selling, you’re still in a great position to continue your search and buy your own property in the near future.

Now that’s he’s saved you $3,000 and told you how to avoid it happening in the future.

It really depends on your bigger picture and also what you are hoping to accomplish in the future.

At that time, my friend encouraged me to get into real estate with the idea of creating passive income and wealth in future (via appreciation).