I graduated Baruch College in 1988 with a Bachelor of Business Administration.

Hi Justin,The portion of the property that has been used as the taxpayer's primary residence should qualify for the tax-free exclusion of up to $250,000 if single and $500,000 if married pursuant to Section 121 of the Internal Revenue Code.I'm not sure about the rest of the property.

I just turned 40 and was contributing the max right out of college.

@Bryce DillerWelcome, BP is a great resource and a wealth of knowledge.There is a real estate group that meets in Lancaster called REIMG, and they have a meetup page.They meet the third Thursday 7PM at Lancaster Bible College.

Branding not important.Wholesaling or flipping building a brand may be more important.Avoid long names - Signing "Charlie Galaviz, President, Galaviz and Galaviz Properties International LLC" five different times on a contract gets very tiring after a while.

@Paul Timmins I'll look into the College Park area to see if that would be a good place to focus!

Although I did go to college at the Univ. of Toledo!

But I guess this is just another thing to get used to.In the next 2 weeks, I'll be continuing to use my MLS generated lists for pre foreclosed single family homes and the areas I'm checking out this week will be Clairemont, Linda Vista, Mid City, College West, North Park, Pacific Beach, Rancho Penasquitos, and University City.

It takes a while to internalize all the information needed, so read, read, and read some more.

We will also have college debt paid off.