I have to decide if im going to use a new injection of capital from the sale of my primary residence to:1) Hold in treasury bills at 4.5 percent until I find another property to purchase2) Pay off one of two existing mortgages, one at 3.75 percent and another at 4.5 percent3) Just find something to buy that beats either of those percentages on paper and be done with it4) Possibly loan out some hard money/broker it to a friend to allocateIts never an easy decision, but its a good problem to have.

Also, consider raising capital after doing the first few - consistently building your connections while learning as you go. 

We didn't need to rehab except for a couple units when they became empty and we used cash flow (so no additional capital needed).The rents are now $10,700/mo and we are cash flowing well. 

I've been interested in real estate investment since college but I've either been without the capital or without the confidence to take the first step.

For average investors without large amounts of capital to deploy this is a common approach to growing a portfolio.

Would the federal tax liability be $140k at year 5 for the sale, with long term capital gains (ignoring any Net Investment Income Tax)?

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $520,000

Raised 100% of the funds to buy this property. Very stabilized. 13 unit mobile home park.

I recommend establishing a reserve fund for major turnover expenses, capital repairs like a roof replacement, etc.

And while crime isn't out of control in either suburb, it is higher than the national average and the schools are medicore at best.

.——————————————————————————————————📊 Nevada Tops the Unemployment ChartNevada's unemployment rate stands at 5.7%, the highest in the nation, tied with Washington, D.C., and well above the national average of 4.1%.