@David Avetisyan If you sell your home for $510K and provide a $10K seller credit, your taxable gain is based on the net sale price of $500K ($510K - $10K credit), as seller credits reduce the gross selling price for tax purposes.Tax Impact in CaliforniaCapital Gains Calculation: Your gain is the net sale price minus your adjusted cost basis (purchase price + closing costs + capital improvements).Primary Residence Exclusion: If you’ve lived in and owned the home for at least 2 of the last 5 years, you may exclude up to $250K (single) or $500K (married) under IRC Section 121.California Tax: Capital gains are taxed as ordinary income at rates up to 13.3%.The $10K seller credit lowers your taxable gain.

If purchasing new real estate as part of your reinvestment, a cost segregation study can maximize depreciation deductions, offsetting future taxable income.For effective planning, assess how the sale price is allocated between real estate, tangible assets, and goodwill, as this determines the tax treatment.

Congrats on the purchase. Red

People won't attend if they don't find value.I have purchased out of state property and my lesson is the same as it is locally.

I didn’t want to be waiting days for them to get back to me about edits to the purchase agreement.

Purchase price: $60,000 Cash invested: $109,106 Sale price: $210,000 Contributors: Peter Vekselman Purchased on 9/6/2024 for $60,000, this Anderson, IN home underwent a $109,106 renovation before selling for $210,000 on 2/4/2025.

I'm looking at purchasing a motel that was converted to 10 long term rentals.

Don't chase the market to the bottom.And Check current comps before you make that offer and close on that new purchase. 

Purchase price: $142,500 Cash invested: $25,000 We purchased 2 adjacent, tiny rowhomes in the Northern Liberties neighborhood of Philadelphia.

Purchase price max 120k$Looking to purchase in the next 6-12 monthsTIA Cleveland and Akron, very similar cities.