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.
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 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?
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.
Every successful multifamily real estate investor has a mentor. Get your mentor here: www.commercialpropertyadvisors.com/mentor
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 😊
Option 3 would be my preferred. Great content.
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
Vertical Growth
-Roberto
Thanks!
Option 3 is my favorite!
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 is the obvious choice for those interested in taking the greatest advantage of the IRC, cash flow, and legacy. Cheers.
Option 3 !! This was an excellent video. Thanks 🔥 💯
Love all the info that you share! Thanks
You are so welcome!
I believe I would choose option 3.
I like 2 and 3. Another great video Peter!
Thanks!
Great video
Glad you enjoyed it
Option 3 for sure
Great content as usual. I would use option 2 for my current situation but option 3 is best by far!
Thanks for sharing!
Option 3
Option 2 and 3
Great content
Thank you!
Option tree is greater to move up. Landlords grow rich in their sleep without working, risking or economizing.
Option 3 all the way 🙋🏾♂️
For me, option one, two, and three🧐.🎉
I don't own any homes at the moment, but I think I would choose option 3, if I had single family homes.
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.
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?
Option 3!!¡
When you said Single family rentals, using your personal single family home doesn’t apply?
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?
Opinion 3
3
2
number # 3
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
Option 3