All Forum Posts by: Alex Olson

You can always 1031 exchanget the property later in to another property like multifamily or commercial and lever up your investment. So, even though owner occupied, you can still 1031 exchange if you turn this in to an rental some day. Hope that helps. 

I would check with your local jurisdiction realtor forms. They usually have forms that are common and tend to hold up better in court because more people use the same template. 

Post says virtual in person..does that mean it is both? Thanks for putting this together!

@dave foster is best to help  out for a qualified QI. It is simple if you follow key steps and have a good team, boots on the ground to help. You are in the right place. 

Every state is different. In the state of KS I believe you can be PM without having a real estate license or anythign to do with one. You could look in to each states rules and decide what you are good at and what would be a good fit. 

OZ is your only real option at this point. You can't really offest capital gains taxes unless you would have done a 1031 exchange to defer taxes. Hope that helps. 

@Marshall Secord I would considering keeping the property for a year an put a good renter in it before selling. Then you can 1031 exchange into another property and defer taxes until a later time. If you build up several of these over the next year or so, you can still sell some, keep some and exchange some. Hope that helps!

I think investors can also look at cash flow markets with good apprecation to place their funds. Annual returns on these markets can be 8-10% with 5 year returns 20%+ if you are selling the property. Something to consider for 1031 exchange. Looking at newer multifamily and Net leased property for more hands off investing compared to local multifamily value add properties. 

you talking ks or kansas city for your single family home sale?

Congratulations! Great work on securing this.