Or pay the capital gains and wait a little while and hope for a market correction?

I have had a growing desire to learn more about the real estate business and knew that in the future i would want to gain more knowledge and expand to either more rentals or wholesaling.

I am just starting out but will put in the effort and time if it means I gain some knowledge towards building my own wealth.

Hi I currently have a portfolio deal in my pipeline where the owner is interested in selling his 14 units portfolio at $1M and was thinking to 1031 exchange his 1M into a bigger property so he could avoid capital gain taxes. 

I even sanded the floors myself and it's the last time ill ever do that lol.It was quite stressful living through the flip, but when I finally got it sold with no capital gains (lived in it for 2 out of the last 5 years). 

The realized gain on the sale will be $430,000 - $165,000 = $265,000.

When the owner of the asset is also the owner of the crypto company, I think the transaction can't be used as a valid example of the technique gaining traction.

My recommendations would allow for a full step up on basis upon your death; important if you have a built in unrealized gain on the residence. 

I personally gain valueable info and make connections each time I have attended. 

Bought my home Dec31 2020 in Van Nuys, CA (Los Angeles) for $586k. (5% down, 2.99%)Seeing very similar homes in my neighborhood (with even worse specs/curb appeal) going for high $800+ as of 2021.Not ready to move on yet, but just trying to plan ahead, as I'm considering relocating outside of LA in the next few years, and will need to capture some of that appreciation gain to make a healthy downpayment on the next home.