Quote from @James Wise: Quote from @Joseph O'Sullivan: Hi All,I am a newbie to real estate investing in North East Florida and have been watching the podcasts and reading the books etc. for a few years now. 

So you are new to the game and want to flip million dollar homes in LA, does this sound wise ? 

High Maintenance Costs: Escalating maintenance costs can erode your profit margins.Change in Neighborhood Dynamics: Shifts in the neighborhood that negatively affect your property’s value are a red flag.Better Investment Opportunities: Selling might be wise if you've identified a more lucrative investment opportunity.Cash Flow Necessities: If you need liquidity, selling a property can provide a significant cash inflow.Tax Implications: Sometimes, selling can be advantageous for tax reasons, especially if you can benefit from capital gains tax laws.Personal Financial Changes: Changes in your personal financial situation may necessitate liquidating assets.Retirement Planning: Selling investment properties can be part of transitioning into retirement.Portfolio Diversification: Selling might be necessary to avoid overconcentration in real estate.Legal or Regulatory Changes: New laws or regulations can impact the attractiveness of holding onto a property.Ownership Challenges: If the burden of ownership outweighs the benefits, it may be time to sell.Real Estate Market Trends: Anticipating a downturn in the market can be a reason to sell early.Interest Rates: Rising interest rates can reduce the pool of potential buyers and lower property values.Property Value Appreciation: If your property has appreciated significantly, taking profits might be smart.Lifestyle Changes: Sometimes, personal life changes dictate a shift in investment strategies.ConclusionDeciding to sell an investment property is a complex decision influenced by market conditions, personal circumstances, and future investment goals.

Hey @Aram Velazquez I think it is wise to make your renters carry a policy.

I'm also looking for oneIf i could chime in and help in the search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

As you advance in your real estate career, you may acquire knowledge and make wise selections by beginning with a more cautious transaction and progressively growing your portfolio.

As a resident and investor in Columbus, I can attest to the fact that investing in the suburbs here is a wise choice.

I also want to make sure tax wise I have the best structure possible. 

If i could chime in and help in the search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

Quote from @James Wise: Quote from @Vy Le: Hi everyone!