Hello my name is Chasity, and I have joined this forum to gain information on how to go about getting into the real estate business.

I think I will try to start out wholesaling to gain capital, so if possible down the line when I start if you'd like to be on a cash buyers list to build up to that 20 mark let me know!

That may lower thier or postpone thier capital gains tax.

I want to pickup a second property, I am sold on the book, the method, I am learning so much. But I live in Seattle and houses are 600k. My current house is worth 650k, and I owe 404k on the loan. I don't have enough ...

They've both been great about answering questions.PS I think the answer re: cap gains will depend on whether you lived in the house.

Renting it will take about 8 years to repay the line of credit and gain what i would earn selling right now.Selling seems the obvious answer but I appreciate any feedback.

I may be way off base but I believe once that first deal happens and that experience is gained, the subsequent deals will be easier since you have that experience and confidence, and you're goal will be much more clearer which may make you adjust that goal. 

My primary goal at the moment is to become an Agent in Los Angeles in order to gain access to the MLS and begin learning more about the market.  

Looking to partner with someone experienced in multifamily projects that can help me gain experience. 

Cash flow is nearly non existent but if you can hold onto property over time you should be able to make a to considerable value gains.