All Forum Posts by: Matt Splittgerber

I am in the process of looking for a Short Term Rental property. One of the homes i found had a recent ADU completed that the owners stay in and have been privately renting out. The zoning of this property doesnt allow multiple STR properties at the same location. Does anyone else have any experience with this? I havent received confirmation on whether permits were pulled but it was renovated in a nice manner. It's a good unit, but the zoning just doesnt allow the home to be marketed as seperate units to different parties.

Anyone have any experience marketing a house with an included In-Law suite or similar? I feel this could be a good feature of the house but do not see any examples of good ways to market it to bring in extra value and income on the property.  I don't want to rent out an unlicensed and illegal unit separately. 

I have gotten differing answers on this question so i'd like to open it up to you guys to get some opinions.  

I am in the process of selling a warehouse and that I own with 3 partners.  One is silent investor.  Its split 40-40-20.  I own 40%.  The other two partners want to take the proceeds and pay off debt and invest in other ventures outside real estate.  I would like to take those funds and reinvest it into real estate.  So I would like to pursue a partial 1031.  

For round numbers lets say the sale is 5 million and our cap gain is 2 million.  Am I incorrect in thinking I can take $800k (40% of 2 mil) and 1031 into at least 2,000,000 (40% of 5 million)  properties and avoid a tax bill? While letting my partners take their cash and pay their tax on their proceeds?

Thank you so much for your help!