We only have permits for around 3000 units to be delivered by 2025, so there is a real problem which is helping our rents along nicely.

Purchase price: $453,000 Cash invested: $80,000 Personal property and first real estate deal I did as a realtor

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

My name is Sheila Richmond Young, and I'm new to the real estate industry.

Managing tenant relationships is crucial for us landlords and real estate investors.

It's been a real pain not to be able to speak to an actual person when I am sending thousands of dollars at a time. 

Consult with a real estate attorney and a tax counselor to determine the optimal transaction structure.Good luck!

This type of retirement plans allow you to purchase real estate with your retirement funds, the asset would be held in the IRA.

Congrats on all of your success in the real estate industry!

There is also one big issue with your tax projection - the taxes of $280 are based on the vacant land taxes and will likely go up to ~$2000-$3000 in a year or so when the assessor catches up with you.I realize there is a 1031 involved so a real estate purchase is necessary, but you should compare your ROI to a safe yielding instrument like a 10 year T-note or AAA corporate bond yield.