How did you determine the ARV for the property…in other words…what you plan to sell it for?

Now for planning purposes I spread the sizes of properties I have in this market.

As I get more confident in my real estate knowledge I plan to actively learn by going to real estate meet-ups and meeting up with some local investors. 

Hi @Sahil Raina I would suggest a LLC if for sure neither of you plan to live in it.

The plan is to sell primary residence in order to have the equity in cash and utilize that cash to fund the multi family purchase and have operating capital. 

Me 21 and my husband 24 are looking to start investing in multi family, our plan is to buy 3 or 4 unit properties, live in one unit and rent out the others one year at a time until we have a cash flow good enough to quit our jobs and have children.

I plan to sign up for a free trial on this platform: https://urlbox.com/screenshot-api After some reading about this, my idea is to: - check which companies are selling in my area and create a visual database of their listings (Zillow); - use automated screenshots for competitor analysis (locations, prices, open houses nearby); - track SERPs - track my progress in different queries to analyze the success of my campaigns;- possibly create visuals for social media/presentations As we all know, it's one thing to read that something is a good idea and another how it is implemented in practice.

And of course don't force him into it just to please you (I'm sure you're not)When you verify that he is truly serious about starting the journey, I would 1) have him do an extensive goal-setting plan.

Would i be able to avoid capital gains by selling it, then using  a 1031 exchange to buy a multi family unit that i plan to also occupy?

They have to plan in advance for vacation days and to coordinate with everyone.