@Eric Amundson, You can't do a 1031 exchange into non-real estate passive investments because it has to be investment real estate for investment real estate.However, there are syndications that do qualify for 1031 treatment because of how they are structured, such as UPREITS (Real estate investment trust), or DSTs (Delaware statutory trust).

Have your tax advisor explain the details but de minimis amounts of personal property (appliances) get ignored.

I can tell you right now that if it is actually a 1.05 acre outparcel for a publix shopping center, than that is the creme de la crem of what we look for.Understanding the end use and if you are dealing with the end user or a developer is going to be a big part of the deal. 

Quote from @Mike Calvey: Quote from @James De Stefano: I'm early on along the journey, but so far it's been the "walking on eggshells" while screening / accepting / declining prospective tenants. 

Quote from @Matt De Beer: Made an offer on a condo in LA last month with a 5-day inspection period.

LTRs offer stability, while STRs can produce higher returns, but come with more risk and management needs.STR Tax Advantage: If you materially participate (100+ hours and more than anyone else), you can qualify for the STR loophole, allowing bonus depreciation to offset W-2 income, without needing full REPS status.Use Cost Segregation: Ask your CPA about doing a cost seg study to accelerate depreciation, especially if 100% bonus depreciation returns in 2025.Backup Options: If managing real estate feels overwhelming, consider a Delaware Statutory Trust (DST) for a passive 1031 route, or an installment sale to spread the tax burden over time.Meet with your CPA and 1031 intermediary to ensure your reinvestment strategy is tax-optimized and aligns with your comfort level on risk and management.This post does not create a CPA-Client relationship.

Delaware statutory trusts are another passive vehicle that is 1031 compliant and will allow you to later sell and 1031 back into bricks and mortar if interest rates are more attractive.

On May 7, 2025, Governor Bob Ferguson signed HB 1217 into law, enacting statewide rent stabilization measures with immediate effect. This legislation introduces new compliance standards for landlords and property mana...

Quote from @Jay Hinrichs: we are seeing that in our sub market in PDX title company puts out market data each week and there is a speedometer type presentation  showing seller market to buyer market and for the first time since the crash we see the market has slipped below the line that de-marks seller market and buyer market.. still says slightly seller advantage and I think the only reason is there is still very little inventory.

Quote from @Garrett Cuppels: I am considering purchasing a sober living house in Georgetown, DE.