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It is not a passive activity unless you can afford to hire a property manager that will burn up all your profits. Expect to get calls at 3 am when the toilet is spouting all over the place. I would probably just buy a dividend stock and not have to do anything but deposit the checks. Oh yeah lets not forget the exposure to the housing bubble take two, rental boogaloo. Zero percent interest rates don't drive up prices do they?
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May 8, 2013 20:45
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vulturesrow posted:Follow on question: Does anyone have experience with section 1031 exchanges? I dint know much about them but seems it might be an avenue to not have to pay the depreciation recapture. It is a good route but you need to have both transactions in place because the proceeds need to be held by a third party escrow. I would suspect some title company's can do this for you. You need special language in the purchase agreements though. That was as far as I got before I decided the timing was too hard to pull off for me.
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May 6, 2016 20:09
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You do get to take depreciation from your original basis against ordinary income if you self manage and then pay at a lower rate when you sell it assuming you have a gain and the tax law doesn't change by then.
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Jun 27, 2017 19:14
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