Thanks for your feedback, I hope to be in these talks in the foreseeable future.

Hi everyone,I have a SFH (it’s been rented out for about 7 years) and I want to 1031 exchange it in the semi near future.

I do all the maintenance and I plan to do all the maintenance (that I can) with all my future houses up until the point of 15-20 units.

The venture investment to the area is also continuing to contribute to the growth of the area and I see that sustaining in the future.

@Cedrick McKinneyWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

Maybe in the future. 

I also think it is a good idea to minimize your taxes now, while positioning yourself the best you can for the future (where everything is an unknown).It certainly would not be a bad thing to also use your retirement accounts to invest in real estate (as long as you are very careful to follow the rules- avoid self-dealing!). 

If you feel as though you will do more deals in the future but with a different ownership structure or people as owners, you can consider creating a new LLC then.You also might want to be sure to check with the lender that they will loan to an LLC. 

It really gave me a new direction and a hopeful attitude toward my finances and to my future.

I look forward to see where this business can take me in the future .