I am 22, and my wife is 20 years old, we have about $16,000 saved up, and would like to start investing in real estate, to build wealth for us now, and for our future.

There are cheapo AMCs out there, and the lender can pick the AMC, but if you go this route to save $75 or $125, please don't make a thread complaining when the appraiser does a half-arsed job and the property doesn't appraise - that's a "you got what you paid for" scenario.

In order to save in taxes can you sell both properties as a package deal but allocate more of the sales price towards the dollar store property that is eligible for capital gains?

Good enough for a rehab but not quite for a purchase.We’re looking to get into “Fix and Flip” to increase capital and maybe BRRR it if the numbers make sense, but our ultimate goal eventually is to Buy and Hold.

To answer your question, I plan to make RE investing a part of my current portfolio for diversification purposes (other than my primary residence of course) and I'd ultimately like this to be a replacement an alternative to my regular work.

In Newport Beach, we're better off targeting millennials with good jobs because they typically are too busy working, still saving for a home and are thankful to have a nice place to live.

If you give them a longer lead times you might save a tiny bit of money.

HELOCS are a portfolio product that a Big Box Bank (bbb) would offer where they would lend their own money as opposed to a MORTGAGE product where they can package, sell off the note and ultimately wipe their hands clean of any future possible risk.

Ultimately, it's up to you to decide if you want to take the check that the insurance company is willing to write and be done vs. restoring the property.

My ultimate goal is to own enough small multi-unit properties to 1031 exchange for a single 100+ unit apartment building complex.