Outline a clear exit strategy to meet your long-term goal of retaining the property for cash flow.Work with a CPA to ensure tax efficiency, particularly around depreciation, capital gains, and partnership income.

As we have all seen, Californians are leaving in droves over the past couple of years, and fleeing to Florida, Texas and yep...Arizona.As long as we continue to stay under LAs housing market for affordability, we are going to continue to net those homeowners wanting an upgrade to a bigger house or lot. 

It doesn't take long to learn how to spot a good deal.6.

I think this will be the short term realization, and anyone that did not wait on the sidelines and jumped in with the intention of a short-term re-fi might have to tap out. 

Are you looking for immediate cash flow or longer term appreciation?

I personally like the buy-and-hold strategy and we help clients who share this long-term, wealth building mindset. 

The trials you face—long nights, tough negotiations, setbacks—will all be worth it for the wealth and freedom you can create.

I’ve been a real estate investor since 2015, owning and managing multiple multifamily properties and running a short-term rental business in Cape Cod, the Lakes Region of NH, and the Berkshires.

For how long?

You will both incur long term capital gains.