Get to know other people, build relationships,and learn.

Just make sure you’re prepared to cover any shortfalls on that property and have a strong plan for deploying the new capital effectively.

*This post does not create an attorney-client or CPA-client relationship. 

Hard to say what the effect would be on doing either without details, but I'd recommend not trying to do both of those in the same year (unless you have enough cash saved up for at least a 20% down payment on the investment property). 

After 8 years as a director in the kitchen and bath retail space, I'm bringing my positive energy and relationship building to a wholesaling firm covering Los Angeles and San Diego counties (we specialize in single family homes priced between $400-$1.7M).

This quick flip was a testament to our effective approach in Pleasant Hill.

This means no rental income or loss is reported for the current year, and the $3,000 can offset future rental income or gains.This post does not create a CPA-Client relationship.

This goes into effect Jan. 1st, but the state has not figured out the particulars and the license is not available yet. 

For RE owners, death allows you to pass assets to your heirs and step up in basis, effectively eliminating recapture.

Lately we have been lucky enough to have our favorite local Property Management guru David Tilney join us in person and on Zoom to share his endless knowledge about how to effectively manage your (or others) rental properties!