
23 January 2025 | 6 replies
Some thoughts to consider:If you sell now, you are unlikely to pay capital gains taxes as your first 250k (500k if married and filling jointly) aren't reported.Doing your first rental remotely is undesirable without 1.)

8 January 2025 | 10 replies
If you paid under $230k, you’d save $30k in federal capital gains taxes and maybe another $15k or more in state income taxes.

16 January 2025 | 78 replies
We're right next to CA but get the benefits of no state income tax, 4th lowest property taxes, much more friendly landlord/tenant laws, no serious weather, proximity to Lake Tahoe, stable job growth/population growth, etc.

23 January 2025 | 20 replies
A community isn't a gimmick, it's an opportunity for the right people to level up quicker than they would on their own and avoid the mistakes others in the community had to learn the hard way.

20 January 2025 | 1 reply
I have also been doing quite a bit of research on Loan's, tax consequences etc., and am working towards being a expert in this niche.

21 January 2025 | 14 replies
I truly think I only need 4 more houses to hit my goal and then shift from buying to paying them off.I am not sure if I am thinking about this the right way and I am sure there are things I am not thinking about but below are my thoughts:Pros - I can purchase the houses I need to hit my goal faster - With getting homes fasters the depreciation, tax benefits, amortization, appreciation, rent increases all start sooner - Home prices on average should be lower now then if I buy in 4-5 years - I can take better advantage of leverageCons - I have more risk until I pay the properties off - Less upfront cashflow - Longer timeframe to acquire the properties to reach my goalIf anyone has any opinions or advice I'd love to hear it.

13 January 2025 | 11 replies
For example, if you have $130K in equity, you might get $100K-$110K available in a HELOC.Look for a fixed-rate option for the HELOC to avoid rising rates.

23 January 2025 | 7 replies
You mentioned gross rents of $3400 per month and Principle/Interest/Tax/Insurance of $2500 per month.

9 January 2025 | 10 replies
Then you can avoid the self promotion issue.

20 January 2025 | 8 replies
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