The only difference is that usually the farmer lives in the house and when they sell we take the allocation for the amount of the house and yards and the farmer gets that profit tax free from the 121 primary residence exemption.The remainder of the farm land the farmer 1031 exchanges into other investment real estate and defers all tax on the sale. 

I’ve been successfully house hacking for the past year, renting out my three spare bedrooms and occupying the fourth, allowing me to live for free since the rent covers my mortgage and utilities.

Feel free to reach out!

trying to build your real estate investment team in the Kansas City Market - check out the MAREI event for July 10th posted on the BP calendar - it is a vendor expo - it's free - well costs a $5 donation. 

For starters, you have the free informative forums to read and learn about real estate.

In that case you might need to find a different lender or send them the trust for review, if your trust attorney is good they should be able to provide support services for free and give the bank a call to explain the situation.

Not only does BP have free informative forums for you to learn and comment on, it also has free online courses, guides, and success stories from other real estate investors!

Feel free to PM me when you get a chance--perhaps we could sit down and discuss more in person.

Let me know if/when you’re free.

It takes a while for new investors to learn how to look for the right deals with any efficiency, so you may just need a bit more time and research to make your own market work.But, if you're still not liking what you find in Atlanta, feel free to scoot on over to AL!