I have my heart set on real estate investing and have been researching every free second I can.

When house hacking a duplex, start by estimating the total monthly rent you can earn from the unit you’ll rent out.

At which time the investor who created the deal would now own the house free and clear.

If your money that you want passed down is in a ROTH or something your beneficiaries can wait 10 years for distribution to get them another 10 years of tax free growth. 

Having a reliable local team, including a property manager and a realtor familiar with the market, is the best way to avoid high-crime areas.If you’re leaning towards Richmond or have more questions about the market here, feel free to reach out.

And last but not least, I would absolutely and totally avoid HOA-based properties.

ya those are totally open ended questions your going to have to figure it out from here on your own or with someone else chiming in..

If you’re open to it, I’d be thrilled to buy you a coffee and hear your story.Whether you specialize in residential, commercial, wholesaling, or anything in between, your insights would mean a lot to me as I navigate this journey.Please feel free to reply here or shoot me a message if you’re interested.

I was lucky to split the sales over 2 years, so the first ~80k gain is tax free and 80-480k was at 15%, which I was able to take advantage of twice.

My tenants, who have been in the property for close to three years, have become totally unresponsive.