In the next year I would like to implement house hacking to start building a rental property portfolio early and start gaining passive income streams.

So my question to you guys: What would you recommend, when bird-dogging, and is it a good way to gain experience?

Now what we are hoping to gain from this post is some insight on what our next move should be!

I’m trying to become more knowledgeable on Capitol Gains but don’t see a lot of specific detail so my question is:If we purchase a home and take out a mortgage on it (putting down the required 15% or more + using cash for renovations) then renovate and flip, are we able to pay the mortgage off and reinvest the profit without getting hit with capitol gains?

sharing of revenue profits or lossessharing of capital gains or lossesis any payment to be made to either other than as share of profits, eg for ongoing serviceswill the participants be operating a ‘salary/dividend split’ – ie taking their month by month requirements by way of low salary, balance as dividends?

Ideally I'd like to invest somewhere that is within driving distance from DC (within 4-5 hour drive or so).. this is likely my newbie insecurity but I'd like to be able to get to the property on relatively short notice in case of an emergency.. at least until I gain some experience.

HI @Janeile Cudjoe-Myers I clicked on the link but couldn't gain access to any info.

The biggest WHY is to hopefully have multiple streams of income through cash flow, in order to gain financial independence, to not have to work a 9 to 5.

Newbie here from Houston, Texas.I am looking to invest after gaining experience with rehabbing my home after Hurricane Harvey.

Since you've lived in the property for >2 years, your capital gains are tax free when you sell.