Hello everyone,
Have a few residential rentals held in LLCs and looking forward to putting away the maintenance hat and typical needs of property management. Seeking tax advantaged exit strategies to plan decades of work into a smart transition. Plan will likely require 1031s, which we have used before and likely will again.
GOALS:
• Achieving and maintaining low reportable income.
• Less work (day-to-day maintenance, property management, taxes you name it.)
Few background data points:
• Had a few of the properties for nearly 20 years, so depreciation recapture would be extreme.
• Totally open to less known strategies and plans, will to take necessary steps to accomplish.
• We meet the criteria for qualified investor
• Debt free except investment mortgages (one personal, rest LLC). One at 4.5%, others under 4%.
(Most are long term fixed, 3 mortgages are 10 year arms and nearing 1/2 way points)
Options considered (most 1031):
• DSTS - initial exploration found important details on DSTs hard to locate and hidden - seems low return
• OZ zones
• Retirement communities and related projects
• Crowd funding (CrowdStreet, Fundrise, Streitwise (w/an I,) Rootstock etc.) - any that take 1031
• Syndicates
• Moving into and converting investment to primary home for 2 years, then sell. (expensive, disruptive)
(this option would lend to a personal investing thread created today - can't locate post or link mind you)
• Many point to the 'borrow borrow borrow die' (bulk everything together, 1031 and continue to refinance and live off borrowed (nonrecource) debt...rinse and repeat.)
Presume many have been through this....interested in your experiences and insights.
Have a few residential rentals held in LLCs and looking forward to putting away the maintenance hat and typical needs of property management. Seeking tax advantaged exit strategies to plan decades of work into a smart transition. Plan will likely require 1031s, which we have used before and likely will again.
GOALS:
• Achieving and maintaining low reportable income.
• Less work (day-to-day maintenance, property management, taxes you name it.)
Few background data points:
• Had a few of the properties for nearly 20 years, so depreciation recapture would be extreme.
• Totally open to less known strategies and plans, will to take necessary steps to accomplish.
• We meet the criteria for qualified investor
• Debt free except investment mortgages (one personal, rest LLC). One at 4.5%, others under 4%.
(Most are long term fixed, 3 mortgages are 10 year arms and nearing 1/2 way points)
Options considered (most 1031):
• DSTS - initial exploration found important details on DSTs hard to locate and hidden - seems low return
• OZ zones
• Retirement communities and related projects
• Crowd funding (CrowdStreet, Fundrise, Streitwise (w/an I,) Rootstock etc.) - any that take 1031
• Syndicates
• Moving into and converting investment to primary home for 2 years, then sell. (expensive, disruptive)
(this option would lend to a personal investing thread created today - can't locate post or link mind you)
• Many point to the 'borrow borrow borrow die' (bulk everything together, 1031 and continue to refinance and live off borrowed (nonrecource) debt...rinse and repeat.)
Presume many have been through this....interested in your experiences and insights.
Statistics: Posted by 401k Man — Sun Dec 22, 2024 7:36 am — Replies 1 — Views 149