I also manage 4 other homes on airbnb for friends.I have recently sold a few of my properties & I have around 800k that I wound like to use & get a small multifamily apartment.

Social media is a powerful tool for real estate.

But that right disappears entirely after the property is sold (or after 14 months if the county doesn't sell it and it hasn't been paid off). 

If you want to grow in any way, you have to be creative and make use of the tools available to you- Anthony mentioned several great leverage strategies, and if you employed any of them, you could likely make a move sooner than you expect.

From what I experienced, when a property is sold, you're due gains tax to the federal and state authorities, either short term or long term if you're the owner.

Hi Candice The amount you should pay for a house all depends on where you’re buying it (Remember location, location, location) and what other properties just like yours recently sold for.  

yes, I do own it outright, I had a 911 Turbo I sold to use the cash for units 7&8 back a few years ago, then when I hit 30 I bought the Aston.  

I've sold several properties where the mortgage was in my name but I had moved the property into an LLC. 

If the LLC is a single member LLC that chooses to be taxed as a sold proprietor (meaning it doesn't file it's own tax return and all activity of the property is reported on your personal tax return) the the IRS still views you as the tax payer for the property regardless that the LLC is the deed holder. 

I have owned a few homes only one rental but there came a time where I moved away from Memphis and honestly didn’t know what to do when the tenant moved out so I sold.