Over the years I educated myself through various means, the terms, the language, numbers, percents etc., etc., and even learn't some things about 1031 exchange and understood it perfectly that it put a smile on my face. I, no doubt, would take option 3 in a hand basket. Good job on the explanation!
My preference is actually option 2 and how it pans out in 5 years. I would like to see the outcome. Thank you so much for the info. You explained the 1031 so well. You must have been a teacher in your former life.
Why can we not do a combination of all 3 options? Option 1 and 2 are obviously related, you do option 1 and sell at option 3 and then do a 1031 exchange. Also can we not do option 2 (5 year accelerated depreciation), while we're at it? Also, all my research (and I'm not am expert so pls excuse if I'm about to say something stupid) says that I have to put ALL (profit + loan amount) the money I got selling the house in the 1031 exchange in order to avoid capital gains taxes?
Hire a land use attorney to verify if it's possible. Adding an ADU is very easy in some areas but by and large, changing the land use from a single occupant dwelling to a multi occupant can be very difficult. Local governments make it VERY difficult to change zoning.
Why? One of our Proteges near Charlotte NC just put a 12 unit multi-family property under contract for $990,000. Perhaps you are lost on HOW to find deals like that?
@@CommercialPropertyAdvisors I understand lower-income areas like NC have low cost per unit but 1M buys you a run-down two family (if you’re lucky) anywhere within a 200 mile radius of where I am located. I understand the idea of long distance investing however personally, if I owned an asset that relies on people I couldn’t even meet in person and where I’d need to hop on a plane to get down to the property in worst case scenario, seems like a nightmare.
@@thousandmile9477 There are parts of the US that have much higher cost-per-unit multifamily properties than others. You have to invest in areas with the highest ROI.
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Over the years I educated myself through various means, the terms, the language, numbers, percents etc., etc., and even learn't some things about 1031 exchange and understood it perfectly that it put a smile on my face. I, no doubt, would take option 3 in a hand basket. Good job on the explanation!
Option 3 GREAT VIDEO so informative thank you
You’re welcome 😊
14:33 Option 3 is one that is premium.👍🏽😉💯
I like how you emphasize that this isn't a get rich quick scheme. It takes time!
Option 3 would be my preferred. Great content.
Option 3 !! This was an excellent video. Thanks 🔥 💯
Option 3 is the obvious choice for those interested in taking the greatest advantage of the IRC, cash flow, and legacy. Cheers.
My preference is actually option 2 and how it pans out in 5 years. I would like to see the outcome. Thank you so much for the info. You explained the 1031 so well. You must have been a teacher in your former life.
Option 3 is my favorite!
Option 3
Vertical Growth
-Roberto
Thanks!
Option 3 for sure
I like 2 and 3. Another great video Peter!
Thanks!
I believe I would choose option 3.
Option 3 all the way 🙋🏾♂️
Great content as usual. I would use option 2 for my current situation but option 3 is best by far!
Thanks for sharing!
Love all the info that you share! Thanks
You are so welcome!
Option tree is greater to move up. Landlords grow rich in their sleep without working, risking or economizing.
For me, option one, two, and three🧐.🎉
Option 3
Option 2 and 3
I don't own any homes at the moment, but I think I would choose option 3, if I had single family homes.
Option #3
in option 2, income can only be offset if income is below $150k or if you are in the real estate business. Yes?
Great content
Thank you!
Great video
Glad you enjoyed it
Option 3!!¡
Option 2 Cost Seg
Why can we not do a combination of all 3 options? Option 1 and 2 are obviously related, you do option 1 and sell at option 3 and then do a 1031 exchange. Also can we not do option 2 (5 year accelerated depreciation), while we're at it?
Also, all my research (and I'm not am expert so pls excuse if I'm about to say something stupid) says that I have to put ALL (profit + loan amount) the money I got selling the house in the 1031 exchange in order to avoid capital gains taxes?
When you said Single family rentals, using your personal single family home doesn’t apply?
Opinion 3
Thank you for sharing. What are your thoughts on converting a single family home into a mutifamily ( duplex, 4-plex ect…)
Great question. I am also considering this conversion from SFH to MFH for a beach house rental property 🤔
😮. That would be so sweet!
Hire a land use attorney to verify if it's possible. Adding an ADU is very easy in some areas but by and large, changing the land use from a single occupant dwelling to a multi occupant can be very difficult. Local governments make it VERY difficult to change zoning.
3
number # 3
2
3#
1
You lost me at “12 units for 1M”
Why? One of our Proteges near Charlotte NC just put a 12 unit multi-family property under contract for $990,000. Perhaps you are lost on HOW to find deals like that?
That's a great price.
@@CommercialPropertyAdvisors I understand lower-income areas like NC have low cost per unit but 1M buys you a run-down two family (if you’re lucky) anywhere within a 200 mile radius of where I am located. I understand the idea of long distance investing however personally, if I owned an asset that relies on people I couldn’t even meet in person and where I’d need to hop on a plane to get down to the property in worst case scenario, seems like a nightmare.
Depreciation of a commercial property is 39 years, not 27.5 years.
@@thousandmile9477 There are parts of the US that have much higher cost-per-unit multifamily properties than others. You have to invest in areas with the highest ROI.
Option 3
Option 3
Option 3