Quote from @David Sotomayor: Im getting into fix and flip real estate and working with a private lender who requires a higher credit score than mine to qualify.

As small businesses, securing funding can be a real challenge.

Based on what you shared you are not financially qualified to own real estate.

But ya have to make some educated prognostications in life.Add this to the information your processing - What your talking about doing is eliminating around $4000 or interest expense (which is deductible anyway so really could be a real impact of eliminating $2800 or so) of debt in exchange for paying over $10K in capital gains tax (don't forget possible state gains tax as well).  

I am a rookie real estate investor eager to get into my first deal this year.

I have been devouring books by Brandon Turner to get a better grasp on a macro view of the theories of real estate investing .

This works with any type of appreciating property such as real estate, stocks, etcDepending on the appreciation rate, you can potentially see asset values double every 7-14 years.Likely around 7 years if the appreciation rate is 8%Likely around 14 years if the appreciation rate is 4%If you buy something for $100,000 and it appreciates to $200,000, you can potentially take a loan on the $100,000 appreciation which would not be considered a taxable event.However, be mindful that you are paying interest on the loan and you have to payback the loan but yes, it would not add on to your taxable income.

is there anything more going on with this company - they never answer their phone..never call back...seems like the best thing they did was write a book about the industry..I like the market segment they are going after but does not seem real if they cant answer a call

I'm exploring the demand for 3D virtual tours and high-quality real estate photography for both real REIs and (REAs).

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $174,000

Cash invested: $16,000

Bought a single-family home in spring of 2021. Rented it out for three years before...