If you take the $653K out of loans and put it in the cash line there would be no change to the total adjusted tax basis and therefore capital gains would be the same.

If you’re just getting started in real estate, feel free to reach out – I’ve been coaching new investors for a while and am happy to help you however I can. 

Also if you're a BiggerPockets Pro member, you'll get a Home Depot PRO account free with no spend minimumsGood luck @Nevin Wilkie !

This is after-tax money though, so doesn't really do the same but gives me some tax free gains down the road. 

Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender How did you add value to the deal?

I’m totally hands off. 

Cleveland and Toledo are solid cashflow markets from my understanding - however, if you're in a HCOL area that cashflow may not move the needle for you.Please feel free to reach out if you have any questions - always happy to help however I can!

Feel free to reach out if you're still looking and don't mind remote.  

I would consider selling if you have lived in the home the past 2 / 5 years since you have a decent amount of tax free equity in there but as long as you have a plan to reinvest those funds.By your numbers, since you have an amazing rate and high rents, I would consider renting it out if you believe your area will continue to grow in value.

Feel free to contact or DM me to let me know if you think I can be helpful.Good luck with your deals,Jeff