Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago on . Most recent reply
Need Advice from BP Community
Hello BP community. I have a dilemma that I would like to ask anybody who is very much aware of current and future market in real estate. If anybody would kindly shed some light I would definitely appreciate it. My current situation is I am planning to sell our current home in Southern California that we have lived on for about 3 1/2 years. Purchased at 505k and estimated to be about 630k in Zillow. After selling our we home, we are planning to rent an apartment temporarily and start purchasing rental properties using the profits from selling our home when the market drops. Please advise whether this is a good idea/ bad idea? Or how this plan can be tweaked?
Most Popular Reply
Thanks again @Nabil Suleiman @Corby Goade and @Brandon Woirhaye for the wonderful inisght. Definitely a confidence booster! I will decide to go all out and sell the home, get that equity and reinvest in real estate via rental properties and target a desirable cash flow.