Get your finances in order to minimize your expenses: pay off consumer debt, buy a house and house hack, sell expensive car and get a cheaper one.

@Ben StanleyGet liquid first start by saving money in a taxable account

If W2 income was $300k and losses are now $130k…we can write those losses off against the $300k making taxable income -$170k.

TN wasn’t a choice when I chose so I went with the low property tax, cheap insurance, no income tax, no weather, low maintenance, cheaper and newer inventory location that everyone is moving to. 

Which option will you choose, which one will be cheaper from a long-term perspective?

I’ve been exploring multi-family properties for house hacking in both the Philadelphia and Boston areas for several months, focusing on the cheaper areas around the cities rather than in the cities themselves, as housing costs are incredibly high.

Of the remaining $200,000 gain, 75% (6 out of 8 years) ($150,000) is attributed to the time the property was rented and is therefore taxable at the long-term capital gains rate.

The real estate appreciation, you can reduce your taxable income, and the interest on your mortgage is usually deductible, which is a nice bonus.

That is what goes against the transparency that we are trying to achieve with the NAR settlement in hopes that home prices get cheaper because some desperate buyer's agent will do it for 1%..I am also not for government regulation of every last detail, I have seen that in Europe... but too many wanna-be wholesalers have caused too much damage by not being able to deliver to people that are already in a tight spot

It makes me cringe when investors think that DSCR means they're getting a nonrecourse loan with 100% LTV and cheaper than Conventional (speaking generally here, not referring to OP).