Hey Retail Real Estate Rockstars! Ever wondered what to do with that inherited property? Should you keep it, sell it, or opt for a 1031 tax-deferred exchange? Let's break it down!
Hold It: If the property is in a booming area, holding might be your golden ticket. You'll get rental income and potential appreciation.
Sell It: Need cash now? Selling gives you a lump sum, but watch out for capital gains tax!
1031 Exchange: This is the taxman's kryptonite! Swap your property for another "like-kind" property and defer those pesky capital gains taxes.
Want to maximize your ROI and minimize your tax headaches? Reach out to me for personalized strategies that will make your portfolio shine!