How would he have a "portfolio of real estate property" if every time he depreciates to zero he buys a new property? Then he only has one property, not a portfolio of properties. And you said you can only have one primary residence to do this one so please fill in the gaps here.
There is no requirement to purchase one property when selling a property and using the funds in a 1031 exchange. Often be a use of the need to buy a more expensive property than the one sold, the investor will purchase multiple properties using the proceeds. As for your question about primary residence, that is a different idea than buying and selling investment property.
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Talented teacher 👏🏻
Very good for any level.thanks.
I really enjoy the lecture and I was wondering if this is Canadian Tax. Seems not. many thanks
dear sir do you have any books to understand this subject?
How would he have a "portfolio of real estate property" if every time he depreciates to zero he buys a new property? Then he only has one property, not a portfolio of properties. And you said you can only have one primary residence to do this one so please fill in the gaps here.
There is no requirement to purchase one property when selling a property and using the funds in a 1031 exchange. Often be a use of the need to buy a more expensive property than the one sold, the investor will purchase multiple properties using the proceeds.
As for your question about primary residence, that is a different idea than buying and selling investment property.
@@traviseverette I got everything I asked from THIS video so you are the one mixing things up for us. Thanks.