There will be times when rent goes up, but expenses don't and in those years you are ahead of the game.

Your thousand-word attempt to demonstrate your virtue came off as cold, exclusionary and greedy.

My location strategy was being close to train transportation to capitalize on the large commuter base traveling into NYC.

He basically made up numbers based on what he needed.

Based on your responses, the safest route to avoid FIRPTA tax is to do a simultaneous exchange.

So there are a few ways to look at this, the 1st question is are you sure your renovation’s will double the property value, most renovations on primary residences, your lucky to get 60-70% of the dollar cost back out upon sale, so really nail down your comps, than you have basically a math problem if your rate on your primary goes up how long if ever before that extra payment is more than 400k in taxes, that’s just a simple calculation to help you decide, but I suspect you actually have a different question here, from a purely financial perspective my guess is the best option is to do anything to avoid that tax hit, but one of the reasons to make money is to spend it on things that you enjoy, based on your overall financial picture and a subjective view of how much enjoyment you will get out of a renovated home, you should decide if you want to roll your profit into another deal or “cash-out” your winnings, I love cars and I’m willing to spend more than is fiscally smart on them because they bring me joy, there is nothing wrong with that, but i don’t think it’s a fiscally smart choice, without knowing your exact property id imagine a renovation would fall into that category, so that’s the terms I would use to decide.

This is why I’m in this game haha.

I have aspirations to want to become a real estate investor one day but would love to learn the game through working for an investor or investing firm of some sort but I know for a fact that I don’t want to become a realtor.

-Taking 10% reserve for vacancy, PM, and Capex-5% for repairs -All other numbers are standard values based on my area.

When it's tenant occupied and time to refinance, would the commercial loan be based on the 700k total?