Re-invest or take your net after capital gains.
As a full-service real estate broker, I work with an experienced team that includes more than 30 years’ experience, a great mortgage broker, and a knowledgeable and reliable Sec. 1031 tax deferred exchange Qualified Intermediary. Consult with your tax accountant and see if you qualify for a 1031 Exchange. If you are retired, there may be some advantages using your newly acquired funds.
However, you are best advised by your financial planner.
Intended use for real property to be used as business
Value = Original purchase price plus investment (improvement costs) less depreciation.
Contact me for more information.
A member-based, non-profit organization of residential landlords in Lane County, offering education and support to residential rental owners through monthly meetings and bulletins as well as available Oregon-specific legal forms, educational programs, peer advice and legislative advocacy. ROA members include landlords committed to practical, legal and profitable property management practices seeking education and sharing information and solutions for successful residential property management and tenant relations.
Oregon state law does not limit how much a landlord can charge for a security deposit, though it does prohibit landlords from increasing or imposing a deposit within the first year of tenancy unless the landlord and tenant agree to modify the rental agreement to allow for a pet or other cause.