All-in basis: ~$65,000Estimated retail value: ~$110,000Rented for ~$1,000/month for two yearsTenant eventually purchased at a price we were happy withProceeds were rolled into a better property via 1031 exchange Lessons learned?

Tax tools like depreciation and 1031 exchanges improve after-tax results.

Happy to exchange insights and explore potential collaborations!

I work with a lending company that helps investors structure deals efficiently, so feel free to connect if you want to exchange ideas or talk strategy as you make the transition

Feel free to connect  always good to exchange ideas with motivated people in the community

I work with a lending company that helps investors structure deals efficiently, so feel free to connect if you want to exchange strategies or discuss approaching these types of assets

Acquire 3 properties and sell 1 buy one, 1031 exchange and trade up to a rental property in Parma or Lakewood3.

I’m especially curious how this might affect investment opportunities in the single-family sector in the coming months.I’d love to connect and exchange perspectives—always great to hear from others who are keeping a close eye on the market!

Hey Steve,We’ve had an owner client go through a 1033 exchange after a city redevelopment project forced a sale.

Refinance taking out millions and do not pay any taxes at the time of taking the money out.Then if you die, your children get the property on a stepped up basis (readjustment of the value of an appreciated asset for tax purposes upon inheritance) and there is never a tax on the money extracted.Or if you need to sell it while still alive, 1031 Exchange the appreciation on to another property/properties.