Exit strategies
We currently have been in the RE business since 1999 and now have over 170 mixed use units. We also have been extremely aggressive on paying off our debt and now own several properties free and clear. This proves to be extremely valuable in increasing our portfolio through leveraging equity with new loans.
However, as we approach the 20 year anniversary on some properties and getting toward the back end of available depreciation, i am still struggling on what is the best approach from a tax standpoint.
- We would prefer to keep these properties as they have excellent cash flow.
- Some have suggested to take out a loan, however this is troubling to me as we dont need the $$.
- 1031 exchange is an option, but finding another property is a problem.
Does anyone know a good attorney/tax advisor in PA that has experience with large real estate holdings?