I’ve decided to sell one of my Condo rental properties in Washington, DC. to facilitate the purchase of a new primary residence in Orange County California.

Hey BiggerPockets, thought I'd give a quick intro. I left my rat race job in Wall Street about 6 months ago to become a fulltime RE Investor. I'm rather fortunate as my parents have been doing this for about a decade,...

Hi there,I need some help deciding if I should cash out of my primary home turned rental property (located in Orange County, California) before I am on the hook to pay taxes on capital gains, and pocket the equity or hold it long term with positive cash flow and possibly a retirement income.

@Daniel TisdaleBad idea .the deal has to stand on its own two legs

Apples to oranges.

Starting young will give you a leg up in the market.

What I find in Mammoth is that the management companies charge an arm and a leg to manage property.

@Skye Anderson If it has any metal at all it magically grows legs and walks off while the house is vacant.

[I cant post it because it gets removed but the zip code is 92866Zillow just bought a house in the City of Orange CA, a nice house in a nice area.

But he downgraded his house in Orange County to move in a condo so he can use the excess cash to invest in the mid west.. fortunate enough he has someone like me who he can trust to manage his properties.