This is the best article on "extend and pretend" that I have seen so far:[url=http://recenter.tamu.edu/pdf/1962.pdf]TAMU Extend and Pretend Article[url]I guess there are some intelligent Aggies out there :wink: What are your thoughts on how the policy will play out and how it will impact the CRE market going forward?

If you stay local you will need to look at inventory of existing retail and multifamily and demand.You will need to see if rents are declining and average vintage age of the buildings.How long you will hold and what financing you seek will have a big impact as well as the returns you are seeking.It's just an impossible question to get specific on.I can have one investor love Multifamily because of the value add play and dump cash in for 50% occupancy.Another just wants a fully performing tax shelter and wants low risk.It's just like taxes in that everyone will want something different.My goal working with an investor is to ask a bunch of question and get them focused on a strategy based on the answers and formulate a plan from their.Some want strong returns and others want low hassle with wealth preservation as they already have millions.

:grin:Maybe it won't impact others like it did me, but my intention is ONLY to bring helpful information to other investors, and NOT expose them to the usual webinar that sells products we don't necessarily need, which I steer away from myself.

The replacement property in a 1031 exchange must be held for investment use, or for use in your business.Flip property does not meet the "qualified use" requirement.Instead, look at the tax impact of a sale.

There are many things to consider and I don't think that I would consider having to much 100% LTV property in my portfolio even if it was possible.Leverage can be a very good thing but it can also seriously impact your portfolio if property values decrease.

Projects should take around 6 months to construct and sell. 20-day dwell times for pulling new money and loan covenants that could impact other projects.

While you can't write them off this year (because of your AGI), you will be able to carry them forward and write them off in a future year when your AGI (and loss limits) allows.Unfortunately, this is just one of the detriments to how the IRS defines "Real Estate Professional" and I'm not sure there is much you can do to offset it.Personally, I disagree with you CPA about investing in a personal residence first just because you can't write off the losses.

If your are has a lot of distressed sales, that would have a negative impact on the market value, so be careful.The house is located in the low income side of town, so there are obviously issues with its age, amenities and some minor crime.

And this is as demand is increasing.Resource shortage could have a bigger impact on our lives than any and all govt printing of money.

The cash flow might look good on paper but if vacancies are three times longer due to not-so-good location than they would normally be, wouldn't that impact the cash flow?