1) With rent control, it keeps inventory low, thus high appreciation for rents.2) Higher dollar appreciation. 3% increase on a $1M value is higher than a 3% appreciation on a $100,000 value. 3) Same as #2 but with rents.4) Because of the above, you could argue that you are generating a higher net worth faster. 5) Expensive markets like LA, NY, and SF can be great for house hackers.6) Because I first bought in LA and then bought a second house hack, I have been able to leverage business partner, HELOCs, and a 1031 exchange and now have 15 doors between four states and I haven't had to put a down payment of my own money (or at least BRRRR and got my money back).

I will regurgitate for you what I have heard: there is a major player in that market offloading their inventory so deals right now may be especially easy to find.

Hey guys, I needed some advice on new construction here in NJ.Me & my wife want to purchase a second home as our primary home but prices on houses are super over priced and just not worth it especially with inventory being so low & the market just all twisted.My thought was to maybe pick the town I want to live in and potentially see if I can get vacant land to build on obviously.I wonder if maybe it will cheaper to do this strategy instead of getting a loan for 600-700K home that still needs work and I’m not happy about it..thoughts?

The rate typically ranges from 15% to 20% for long-term capital gains, with an additional 3.8% Net Investment Income Tax (NIIT) potentially applying.OK, lets chat about the Canadian side.  

Your pricing is in the right range, you can always discount a little to be competitive but sometimes a lack of bookings is not price related.

Assuming the property is appraised at $650,000.00 I am hoping the equity will get my LVT to 75% eliminating the PMI, adding to the potential cash flow when I go to rent and then putting that cash flow + personal savings away to raise capital to buy another piece of property.I realize that in order to buy my next piece of property I will want to put down 20% to avoid PMI and a high mortgage but saving 20% for a piece of property in my area is going to take some time due to the high price ranges $500,000-$700,000.

Could you share an approximate cost range for completing the barment and quiet title processes?

There has always been a wide range of commissions.

He is one of the investors I listen to.We are having a slight leveling, but inventories are still low.  

Maybe in the 500k - 1M range and build up a track record of producing results and profits.