If I'm sitting on $100,000 equity in my home, I don't tithe on that equity because it is not actual money in my pocket.

first thing one should do is figure out if they quality the 2  in  5 tax treatment and if the home has appreciated a ton like 250 to 500k which is very common in coastal markets and Denver for instance.. selling would be far smarter than renting. pocket the tax free and find another rental. turning it into a rental you lose that one time tax treatment which in my mind is the very best for real estate. 

Audrey Welcome to Bigger Pockets and good luck investing!

Welcome to Bigger Pockets Marcy!

I originally planned on selling the home, but after researching through Bigger Pockets lately, I have decided to hold and rent after a rehab.

I know for a fact that NJ has some unreal taxes and they keep getting higher each year for no benefits.If you have any questions feel free to reach out or send me an email I am always happy to help Bigger Pockets members.

@Mike TravisWelcome to Bigger Pockets. 

Hey @Priscilla PeWelcome to the bigger pockets family.

That’s the first post I’ve ever seen on Bigger Pockets for Crossett Arkansas… Good old Crossett

In Bigger Pockets Podcast #82, I talked about my first purchase.