The zoning changes will make California a hot real estate market.

Memphis has been an amazing market for BRRRR due to its affordable property prices, strong rental demand, and solid cash flow potential.Would love to hop on a call and go over your questions—let me know when you’re available!

@Kevin Duke Since Subject A’s $6M net worth is below the federal estate tax exemption ($13.61M in 2024) and Florida has no estate or inheritance tax, Subject B can inherit the property tax-free with a step-up in basis to the fair market value at the time of death, eliminating capital gains tax if sold immediately.To avoid probate, Subject A can use a Lady Bird Deed (Enhanced Life Estate Deed) or a Transfer on Death (TOD) Deed, which allows automatic transfer to Subject B while retaining full control during their lifetime.

Seller has decided to walk with our EM and put the house back on the market.

As far as investing in the short term I feel investing close to home (50 mile radius) is the best option because you have a superior advantage by knowing your market.

This is more common in today's market and often allows the seller to get a higher sale price than if you were to go through a bank/SBA loan.

I'm curious to dive deeper into the Santa Fe market and would love to learn from those with local experience.

Think about your market and what people are willing to pay a premium for.

What market are you in? 

Lots of old houses valuing over 500k and up to 1M (local house price in my market is 167k).