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Updated over 8 years ago,

User Stats

11
Posts
2
Votes
Matthew Marcley
  • Menifee, CA
2
Votes |
11
Posts

Don't Look!

Matthew Marcley
  • Menifee, CA
Posted

BiggerPockets is awesome!

My name is Matthew and I live here in Menifee, California. I am currently 27, and I have been working as a Diagnostic Medical Sonographer (Ultrasound) since I was 20. I reached a plateau in my career, and now I believe building assets with my income is my next step. 

I have no background in any type of real estate other than buying my own single family home, so I am a complete newbie. Over the last 6 months, I have been reading books, listening to podcasts, and browsing the forums and guides on BiggerPockets. I have found that vacation rentals are what grab my interest the most with buy and holding being a closed second. 

If anyone would be willing to give me advice, I would ask how vacation rentals have worked for anybody else? I have been heavily considering the Big Bear area for reference. Tax implications? I get a 1099 from my current workplace, so I pay quarterlies since income is untaxed. Anybody have experience using vacation renting as a write-off? 

Also, I live right next to Sun City (retirement community). Does anyone have good experiences doing a 55+ buy and hold? Is this even accessible to me being 27? 

Thank you much!

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