I would reinvest in a another property and use a 1031 exchange to detour taxes.   

With less capital, you can purchase properties or larger stakes in projects, allowing a more diversified investment strategy.3.

Albany, Syracuse, FL, NC, OH, TX).If you are considering small multi-family properties locally, you're in the right County!

@Autumn DeVaughnSince you already have experience as a real estate agent and property manager, you're in a great position to start investing.

My accountant's office called me the other day and let me know that I could amend my 2022 tax return and claim losses due to Hurricane Ian to a primary residence property and a investment property. 

Does anyone have experience with buying rental or STR property there or have a connection there that I could speak to?

Purchase price: $160,000 Cash invested: $45,000 My parents my wife and I own the property next to this one.

If you do the deal, ensure you have your property taxes set aside, because with seller financing there is not an impound process to handle the taxes and insurance. 

Right now, I’m focused on finding my first multifamily property to house hack in the New London, CT or Greater Boston area.Goals with BiggerPocketsI joined to connect with experienced investors, learn more about financing and property management, and take action on my first deal this year.

There are risks too, when buying condemned and burned-out houses because you may not be able to control the environment where these properties exist.