Federally, this tax is about 17%, with state rates varying from 4.5% in Kentucky to as high as 14% in California.For perspective, a property owner in California making a $100,000 profit on a home sale would pay over $17,000 in federal taxes and $14,000 in state taxes, totaling $31,000.

Real estate is one of the most powerful wealth-building vehicles—but only if you know how to play the game. 

Most people think real estate investing requires huge capital, perfect credit, or bank loans—but that’s not always true.

It’s awesome to see you taking action and diving into real estate education.

I still have family in CA however so I visit often, and investors can drive to their properties if needed from Northern CA.  

I’ve been working with real estate financials for a while, and I keep seeing one mistake that costs investors thousands: poor bookkeeping leading to missed tax deductions.🚨 Common issues I see:❌ Not properly tracking repairs vs. capital improvements❌ Missing out on cost segregation & depreciation write-offs❌ Scrambling at tax time instead of planning proactivelyI’d love to hear from the group—what’s been your biggest tax headache as an investor?

Your VA loan will be crucial to your real estate investing growth, especially since it affords you the potential opportunity to own more than one property, depending on your overall allotment.For active military personnel, that conundrum of where to invest and where you will end up is always part of the issue that sometimes causes analysis paralysis so it's great you have one in VA Beach already.

But I think any experienced investor would agree that if you aren't doing value-add when it comes to real estate investing, you aren't actually investing.

Quote from @David Treat: What comes next in real estate now that Trump is in?

I'm excited to introduce myself to this incredible community of investors, entrepreneurs, and real estate enthusiasts.