Just trying to gain a sense of hot or cold. 

Your sibling can use a 1031 exchange to defer capital gains taxes on the sale of the rental properties by reinvesting the proceeds into like-kind investment properties.

My name is William Taylor, I am extremely excited to be a Pro Member in the BiggerPockets community and ready to gain immense knowledge from all of the contributors.

With new regulations in Canada like the flipping tax and property gains tax, I want to be mindful of the risks involved. 

Hire a company/person that is solely a QI like @Dave Foster they do it every day and will keep you legal and on track. 

“Broker” is a legal term that often requires standardized coursework and a state license. 

They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.  

Build equity while gaining experience as landlords.

Trying to pay the least amount of taxes legally possible. 

Here’s how you can stay informed and ensure your rental properties meet all legal requirements.1.