Hi all,Currently living in a townhouse in Tucker, GA right outside of Atlanta purchased for 160k and recent sales in the subdivision have hit 300k which would give us approx 170k of equity.

Or perhaps Covid has hit Killeen particularly hard and businesses have closed left and right.

And it is growing every day due to my proximity to NYC, but I see it as dead money- and I will definitely tap into it without a seconds thought.Great post- you really hit a lot of the nails- it is a great life!

It really doesn't hit in a big way one way or another in most cases.But if you did find that you have a debt ratio problem when all the math is done, you can still use an Non-QM or Portfolio loan called a Investor Cash Flow loan.

@John PelaezAshish hit it on the nailThe answer in tax is that it depends especially since you didn't provide detail on the "property"If the property was a personal residence - you may be able to exclude a portion of the gain if you lived there for 2 out of the last 5 yearsIf the property was a flip - the gain is ordinary and not eligible to be deferred.If the property was a rental property - the capital gains rate will be 0%, 15% or 20% depending on what tax bracket you fall into and if you held it for more than 1 year.You would have needed to contact a 1031 intermediary BEFORE the sale to potentially defer the gain.

I'm 27, from the Northern Virginia area and I work in IT as a Linux Systems Administrator.

Should I make offer on anything the hits my criteria?

Lock up the mortgage then hit the HELOC.  

Hello fellow BPers,I have been having some success in northern Alabama markets due to a great partnership.

Hey @Anthony Berry, we're a HML located in northern NJ.