New member in Tallahassee, FL

[Brandon Mendez]

Hello everyone, my name is Brandon Mendez and I currently reside in Tallahassee, FL.  I started listening to BiggerPockets podcasts in April and I was hooked on them immediately.

I am a CPA and doctoral student studying Finance at Florida State University. In addition, I am a partner in Acreage Land Acquisition, LLC, a land investment business that I co-founded with two close friends earlier this year.

Currently, I am interested in single family fix-and-flips and multifamily buy-and-hold properties.  My interest in fix-and-flips is due to the quick capital appreciation it offers in the short-term.  Long-term, I like the cash flow offered by multifamily properties.

I "flipped" the first home I bought, but it was not a quick flip.  I purposefully bought a home that needed to be updated, put some money and sweat equity into the house to increase the market value, and sold after two years.  Why two years?  I wanted to take advantage of the tax loophole that allows a homeowner to sell his/her primary residence after living in it for two years and not pay taxes on the profits up to $250,000 for a single taxpayer and $500,000 for joint taxpayers.

I am glad I joined the BiggerPockets community and I look forward to expanding my network and real estate knowledge.