I have bought 2 houses in my past and currently live in one after selling the first for a substantial profit.

My understanding is that the basis can be adjusted for substantial capital improvements.

I always get a substantial down of about 10% (Option fee) of $20k to $25k.

Given affordability, tech evaluations of many companies who generate 0 or negative earnings (too reminiscent of the dot com era), and the disappearance of Chinese buyers (I made a post about this in another forum pondering how much influence they really had in major cities).

See how horribly (zzzzz) they explain below:Warning SignsYour partner’s spending habits or debt directly inhibit your ability to save money for your agreed up goalsToo much credit card debtThey have lost hopeThey are resigned to working to normal retirement age and just do a job that they have tricked themself that they enjoy :/Tips to have this difficult conversationsBuy an expensive dinner or bottle of wine and do what you need to do to have an interventionTravel offsite, make it special and unprecedentedBring a moderator or another like minded couple (your network is your net worth)Have then talk to another person who gets it (we are products of the 5 people we hang out with most)Remove them from bad influences (podcasts, books, magazines, tv shows, people, family, etc)Keep your conversations positive by reiterating some wins while reinforcing where things are goingDon’t start out with We need to talk” or “There’s something I’ve been meaning to discuss with you.”Focus first on shared goals and then discuss how you can achieve those goals together, reconfirm these goalsDon’t point out faults to your financial shortcomingsUse “we” or “us” not “youRe-confirm your common goals – values you both share and what you hope to accomplish togetherWhat are your hopes and dreams?

Morrison,Thank you for the kind offer to loan me such a substantial sum of money.With Treasuries in the 2 to 4% range, I’m honored you would trust me, a barely experienced stranger you found anonymously on the internet, with your money at just over the same rate.

Thankfully, I've been able to pay down all my debt, build an excellent credit score, and now able to save a substantial amount of my income every month by adopting a frugal mindset where I prioritize paying myself first and realizing the idea of spending less to earn more.GoalsCurrently, the game plan is to purchase a small multi-family property and house hack, hopefully netting some cashflow from the property as well.

Hi @Priscilla Y.I would recommend doing the 1031 tax exchange, it will save you a substantial amount of money on capital gains.

Depending on the age and condition of the building you're buying, that can be substantial.

Although there are some fee-based planners, that has little influence on the larger industry runs.