Bought the book by mistake, but now I am fiercely dedicated

[Jessie Keating]

Hi everyone! My name is Jessie and I live in Arizona. I was looking to educate myself in house flipping, so I went on Amazon and looked at the top rated books on real estate investing, not noticing the Bigger Pocket books was on rentals. I have been a landlord twice before and it was an ok experience, but I didn't think that would help me reach my financial goals. I read the book anyways, and was so inspired I am having my mom and best friend read it as well, and I changed my WHOLE investing strategy. 

I realized I have a great cashflow opportunity in my primary home, so right now I am watching the forums and listening to the podcasts to help me decide to either rent out my primary and purchase another home, or stay in my primary and purchase a rental. I do have money for the next home through savings and an open HELOC on my primary (which is currently at a $0 balance).

I most struggle with the idea of delaying the purchase of my own personal property. My original plan was to sell this house and dump the equity into my next home (I am dying to have a pool). However, I realize that my bigger goal is to have income replacement, and rentals might be the better strategy to get there. 

[Jay Hinrichs]

you want to talk to your CPA before you do anything..  you don't want to turn your primary and its take free equity into a rental .. the tax free sale of a primary is the number one best tax treatment in my mind.. if you want to move on sell it take your money tax free then go shopping for rentals or house hack or whatever.

now if there has been no run up in value that creates a tax free situation vis a vi equity.. then probably does not matter