Should I buy rentals now? Or wait for market to cool down?

[Kalanie Tran]

I want to ask your opinion on which strategy to take to increase profitability

I’m thinking if I should sell my CA rental now before I have to pay capital gain tax

Cuz I’ve only rented out 2.5 yrs

Still within that 5 yrs time, that was my prior residence

...next thing is...

A) hold on to the $300k cash and wait out a yr, but when market cool down a bit

B) buy now in Austin and Orlando

C) invest in vanguard funds

If I sell, I’m hoping to buy 2 newer properties in the 1990s-2000 built

My current rental is 1950s built...old plumbing, and outdated exterior...I feel major maintenance is bound to happen in next 5 years. If I wait, I’ll have to forfeit on tax advantage...