Hi Beef, At the event in Orange, you had mentioned that you would share where we can find investors that are holders can you please share?
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Have a potential client that does not want to sell his single family home investment because it is fully depreciated and does not want to pay a chunk to capital gains. Does anyone have a solution for these circumstances?
How do I get a consultation on taxes? Last year I was hammered, and I want to do better this year.
Craig
He could 1031 exchange into a similar value property and offset his rental income by depreciating higher cost basis. Property tax would be higher, but if his current property is fully depreciated, he should still come out way ahead even with an exchange into a similar property.