Purchase price: $500 Cash invested: $8,000 Sale price: $16,000 The amount of work it took just to clear title was the hardest part.

Right now they charging me to pay off the yearly management fee for the rest of 2024 when my sales is close in April!!

If you're buying a primary residence, you'll likely be getting a rate in the 5-7% range depending on loan product, and whether you buy down the rate or not (think tax benefits).

There are 12000 homes in my little area of Southern California and currently 8 are for sale and likely will be pending within a week.

Was it for sale for a while?

If he spreads out his sales over 5 years he is spreading out his tax bill.

It's not just sales but rentals too.On the supply side, it's not like old houses are crumbling to the ground, conversely there's been a ton of redevelopment and new development activity since the pandemic started. 

And the rates are coming down, wait for a better sale price when is completed.

I'd appreciate hearing your thoughts and any product recommendations you may have.Thank you in advance for your input!

The for sale market may not get as high as your husband thinks, but the rental demand will be consistent to increasing for the next 5-7 years.