All Forum Posts by: Jacob S.

Hello I have a question. 

I inherited a few properties, One in particular is a duplex. I want to increase the number of rentals that i have and would like to use the capital from this one for another as well as shore up some personal stuff. Now, I've looked into 1031 but I won't be paying capitals gains on this because my step up in basis was to high. So we have to list it lower than what my basis was. 

No to my real question. the building was built in 1989 and the bathrooms or kitchens haven't been updated since. Should I renovate these myself? Or should I leave that equity for the future buyer?  I would like to know which strategy makes this a more appealing property? 

Thanks in advance 

 I am not opposed 

Hey guys,

first time posting here. I hope I can get some insight on what to do. I was fortunate enough to inherit a 21 unit multi family building. A 5 unit multi family and a duplex plus my dad's house. All of these assets are paid off. I know there's a way to leverage this into some healthy growth.  Just wondering if anyone has an recommendations on reliable resources 

thanks in advance