
14 November 2024 | 9 replies
It'll take you a while to replace your $60k income...Assuming that you make 2.5% per deal and pay your Broker 1/2, you'd need to buy/sell $5,000,000 worth of properties per year to equal your current salary.

14 November 2024 | 5 replies
@Nold R.In addition to the great post from Dave, possibly consider an option where the property is taken out of the LLC sooner rather than later and held as tenants-in-common prior to the sale, possibly setting you up in a position to take your share of the proceeds and individually purchase a replacement property via 1031 exchange.

13 November 2024 | 7 replies
Where an exchanger will purchase multiple replacements.

12 November 2024 | 1 reply
Builders, house flippers, brokers, etc.Unfortunately, banking and finance services and certain architect and engineering services don't qualify.

14 November 2024 | 9 replies
Two years ago, the roof was replaced on the property and recently due to a leak, the roofing company discovered that screens were installed on the drains on the roof that voided the roof warranty.

11 November 2024 | 0 replies
We also had to replace two rotten walls and some rotten floor joist and subfloor.

13 November 2024 | 3 replies
Are you sure you are not just doing replacement therapy and you really should be buying a property?

11 November 2024 | 14 replies
I've been working with job titles like construction project manager, who doesn't know a lot about construction but coordinates architects, engineers, GCs etc, the VP of RE management, who also does not know a lot about construction but oversees site selection, lease negotiations, property management, RE accounting who writes my checks and does annual CAM audits, and other jobs like that.

17 November 2024 | 30 replies
If you want to sell a property and keep deferring that tax by NOT recapturing the depreciation, you can do a 1031 exchange where the proceeds are held by a licensed intermediary for a short time while you identify and close on a replacement property.

15 November 2024 | 9 replies
Now my focus is on heavy rehab mix use/ multi-families that can be delivered below replacement costs and $400/sf+ outsale new construction opportunities.