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All Forum Posts by: Rene G.

Rene G. has started 2 posts and replied 14 times.

Post: Stock market malarky

Rene G.Posted
  • Spokane, WA
  • Posts 14
  • Votes 3

I invest in stocks and have for years through retirement accounts.  I agree with your post, it is good to DIVERSIFY.

Post: New to BP From Missouri/Arkansas

Rene G.Posted
  • Spokane, WA
  • Posts 14
  • Votes 3

I wish this site was around when I was 25!  ;-)  Good luck!

Originally posted by @Steven C. Suarez:

Rene Guerrero I hear Joshua Becker is good. I currently listen to "The Minimalists" podcast. I'm a newbie so I'm sure I'll discover more! good luck!🍀

 Thanks!  Will check them out

@Steven C. Suarez Great post and replies.  What podcasts and books you like for minimalism?

This is encouraging! 

"The average rate for a 30-year fixed-rate mortgage fell to 4.20% from 4.32% from last week"

Article: http://tiny.cc/86x9hy

Post: Spokane REI Group Meetup

Rene G.Posted
  • Spokane, WA
  • Posts 14
  • Votes 3

I am hoping to attend also, thanks for putting this together!

Originally posted by @Aaron Lovett:

Thanks @Rene G. - I think selling sounds reasonable, especially if your house is better suited to be a homeowner's personal residence than as a rental property.  That's a factor that I don't think has been mentioned but really should be considered carefully.  The tax savings is another factor in your favor, but that shouldn't be the only deciding factor.  In some situations the rental income, future appreciation, equity available, or interest rates might outweigh the tax savings of selling now.  Have someone qualified look over the numbers with you if you are at all in doubt.


Great advice here Aaron!  There seems to be a lot of moving parts and having someone qualified to look over the numbers is a good idea.  Tnx! 

Post: Real Estate Licensing

Rene G.Posted
  • Spokane, WA
  • Posts 14
  • Votes 3

Lots of information and links here regarding this topic:

https://www.biggerpockets.com/forums/12/topics/228...

Good luck!

Originally posted by @Aaron Lovett:

Another way to look at the situation: If you had no home, but a pile of cash equal to the value of your current home, would you use some of that money to buy the home you live in now and turn it into a rental? If you would, then keep it and borrow against it by refi or HELOC. If not, sell it and find yourself a new personal residence and more appropriate rental properties.

I agree Aaron but I don't know if I would want to pass on the Tax Free Capital Gains by doing this.  I am thinking it would be more beneficial to sell and take the tax break then purchase an equivalent home for a rental.  Tnx

Originally posted by @Patsy Waldron:

Well, you CAN take it later- you get it if you lived in the house for 2 out of the last 5 years. So you'd still get it if you keep the house now and sell after renting it out for the next 3 years.

 Yes, I did catch that on your last post.  I was thinking longer term like 10 years.  
Thanks