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A property that is not your primary residence is considered and investment or rental property. You can use it to acquire one or many properties as an exchange?
It gets even better. How you ask? Well, gues what? You wont have to pay any taxes when you trade your property. That means that if you sell your investment property and buy one or more to add up to the amount of the sale or higher you are not responsible to pay taxes because it’s not considered a sold asset more like a trade.
This is huge because effectively you can double or triple your rents from having multiple properties with more units. If you had an investment in a triplex and trade for an apartment complex of 25 units you win. Take your apartment unit and buy a hotel you win. Take your hotel and buy 25 single-family homes, you win.
There are great ways to divide your property and multiple your gross rents. Roman Rivera Consultants can help you make the best decision and help the process go smooth.