It is by dollar amount.Example - You sell a duplex that is 50% investment and 50% primary residence for $300K.  50% or $150K go into your exchange.  50% or %150K comes to you tax free.

Another idea, search for mismarketed properties or ones that could be better used in a different manner....a garage that could be converted into a living space, a larger house that could be split into a duplex etc.

A duplex and a Condo.

We originally had plans to rent it out after the remodel and move out into a apartment until we are able to finance a second property. but now I'm wondering if we should sell after the remodel and take half of the proceeds and re invest in either a fix n flip, or buy a duplex to house hack, or buy a single family to rent.

Anyone out there in Oakland knows what is the average time frame in condo conversion in Oakland california for a 2 unit flat that is vacant?  

That said, here are some details of my first deal:Location: Toledo OHType: Duplex (2/1 @ 2)Purchase Price: $49,000Appraised Value: $62,000Current Gross Rent: $1065Market Rent: $1,2501% Rule: 2.17%COC: 17.37%Financed w/ 25% DownThis is a long-term buy and hold.

Other than having exposure to BP, I do not have any experience but I hope to get my feet wet by taking some basic classes at a local community college and purchasing my first duplex or multiplex.

-Arley $20k would best be used as a downpayment to buy an $80k SFR or Duplex in the midwest.

My original plan was to buy a 2/1 condo or apartment with an FHA, and rent out the other room however, I've learned that's almost impossible since most condos are coops and do not allow subleases.

Good morning all,I just purchased my first duplex in Indianapolis in July and now I'm looking to purchase my first 5-50 unit apartment complex in the Indianapolis area.