Homestead exemption in LA is a tax break that homeowners get on their primary residence.

In some cases, after running the numbers, I’ve even faced potential negative returns, causing me to miss out on promising deals here in South Florida.That brings me to my question: I currently own two homes—one is my primary residence, and the other is a rental property.

Investment Info:Single-family residence buy & hold investment.

Shame on those here recommending it.Similarly, don’t even consider borrowing against your personal residence—even if you could qualify.

Interest rates and cap rates change, competition changes, your PM ends up being horrible, lots of variables.Just to throw you a monkey wrench, in your killer spreadsheet does it include the credit score, income, and employer of every resident? 

I purchased my primary residence in Tennessee in March 2024.

Would it be wise to use a HELOC on our current residence to use for a down payment on a new property You can make $ investing anywhere.

I also managed to creatively acquire two apartment buildings with $0 down about 4 months ago, one of which currently has a water main Leak under the slab and two of the residents have been without water for over a week, but that's another story for another time... 

One of our residents was robbed outside of this property and we ended up paying for the resident to move out and sold this property.

We have a disabled son and can’t maintain full-time residence there so that’s why we’re selling.