Investing close to home allows you to gain hands-on experience, learn the ropes, and be more involved in the day-to-day.

Make sure this enough gains to make it worth worrying about.

I’m especially interested in residential rentals, STR's, or multifamily properties, but I’m open to exploring other areas as well.I’m here to connect with like-minded individuals, gain insights from experienced investors, and contribute however I can to this community.

In the meantime I would put the money in a low risk account gaining 4-5% which for $250k would be around $1k/month.Hey Chris - what is driving the sentiment not to buy anything right now?

You are neglecting to account for gentrification, which is the biggest REI gain or all.

My interests lie in all areas of real estate, and I am eager to explore potential opportunities and gain insights into effective strategies.

No Capital gains tax if I sell one day either. 

Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.

I wish I could say that I'm venturing into real estate investing for some benevolent purpose like providing low-income housing for the needy... but financial gain is certainly my angle lol.

I'm looking to gain momentum and scale fairly quickly.I'm going to try rentredi and quicken to manage the numbers.