@Jordan BrownSince Orange County and Santa Barbara have high housing costs, using an FHA loan for a house hack could be a smart move, allowing you to put less money down while securing a property.

You wont be wasting their time even if you dont buy for a while - that would be my first recommendation.

Rental income is considered passive, while stock market capital gains are portfolio income, meaning passive losses from rentals can only offset other passive income, not capital gains.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I don’t see anywhere that the guidelines changed in 2023 it appears foreign income still accepted?

While these criteria work well for Class A and B properties, they might not be suitable for Class C.

To minimize taxes, consider the following strategies:1031 Exchange Before Dissolution – The corporation could complete a like-kind exchange, allowing investors to roll their ownership into individual properties while deferring capital gains tax.

It will just add expensive fees to your deal that you don’t need.

My 14 year old now makes over $100/month passive income from her % owned and my 10 year old is at like $65/month.In this process we are building their interest in real estate, teaching them the value of putting their money to work for them, and all the while growing our investment if we need it for their college money some day! 

Currently looking for my 4th deal while also working as a realtor helping others.