The holding company does a 1031 and defers tax on that gain while the development company treats the land as inventory and sells lots paying ordinary income tax on the sale of the lots which is over and above the basis that was tax deferred in the holding company's 1031.This type of "land banking" as it is called must be structured very carefully to avoid self-dealing. 

My idea is to buy a condo there and try to rent at a close match to my mortgage and eventually live there to try and escape capital gains.My question is more around filing taxes, and if I am missing any benefits over researching some other American markets and buying something here to rent.Let me know if anyone has any experience, would be happy to buy someone a coffee or pay for you time!

During the day, my official title is "Senior Executive North American President of Continuous Improvement"... just kidding... it's actually "CI Manager". 

Does the Americans with Disabilities Act (ADA) require any modifications to existing structure to make it accessable. 

If you earn income from people staying in the property, the net income (if any) would be ordinary and subject to US tax each year.

message me if you want to discuss as I just jnvedted jn my first STR in Memphis last March... but for now ...From @Stephen Akindona’s guide to zip codes in Memphis (he’s my realtor):”AIRPORTB+ to DLocated in what’s most popularly known as Parkway Village, centers near the intersection and Getwell Road and Raines, with Parkway Village centering around Perkins Road and American Way.

Shepard Smith with CNBCcurrently estimates that 10 million Americans or 18% of renters or behind on their payments.

Hello BP community. I am a newbie investor. I am posting things I see that are going on in America that have an impact on real estate investing. Opinions and feed back are greatly appreciated. 1. The Federal Reserve c...

I used to listen to a lot of different podcasts like This American Life, WTF, Radiolab etc, but ever since discovering BP, it's all I listen to.

Try American Modern for landlord insurance.