The exam not only deepened my understanding of the intricate details but also helped me see the big picture of how our financial system works.

The vast majority of your wealth gain in real estate will be by holding properties long term and the appreciation/principal paydown will slowly but surely help you become wealthy.For 90% plus of people out there who are looking to start, house hacking is the best way to go.

Consulting with an attorney may also be helpful.

i bet there are lots of other investors in Virginia in your same position - you just need to find 3-5 of them to do this.hope this helps - happy to help furtheri used to live in Northern Virginia and still have a rental property there 

Renting out one side can help offset your mortgage, which is a huge advantage while you're building financial stability.

I’ve helped on a few developments in the CS area.

Easier to ScaleWith less reliance on deep-discount deals and cash buyers, I can scale novations faster than traditional wholesaling.Final ThoughtsI’m not saying wholesaling is dead, but novations have helped me close deals I would’ve lost before.

That could help manage tax liabilities while keeping the property in the family.

But here are ways to reduce capital gains taxes:Deduct expenses (renovation, selling costs) in 2024 to offset gains.Hold for 1+ year to qualify for lower long-term capital gains tax rates.Invest in a Qualified Opportunity Fund (QOF) to defer taxes.Use tax-loss harvesting to offset gains with investment losses.Pushing 2024 deductions to 2025 won’t help much with 2024 capital gains.

Working with @Benjamin Carver or another good agent to help find and close on a deal will be the key.