Scott Bessent has officially taken the reins as the 79th Treasury Secretary, and his plans are already making waves.

I’m currently house hacking and planning to buy my next property in about 6 months.

If the numbers make sense, the plan is to approach the seller and attempt to get a lower price for this "2-story" building which has vacancies, since that's what the owner is selling.

With things like the ONE Linden plan in Linden, which is a 50M plan to improve the neighborhood.

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not. 

Quote from @Fulati Paerhati: I am selling one property and planning to do a 1031 exchange.

Quote from @Nathan Nathan: Hi, I am planning to create LLCs in Wyoming , Michigan and Georgia.

Most local places are offering a CA Fair Plan within a couple days, but the DIC plan is taking weeks.I got in contact with Kin Homeowners Insurance, which I never heard of.

My plan is to mainly focus on cash flowing properties that make the 2% rule. 

But timing and planning are crucial.Here's what you need to consider:Future Passive Income: Do you expect to generate passive income from other sources?