After thinking a lot about it we have decided that once we are done with the rehabs, we will see about renting it, if we can get a good rate that supports keeping it, if that's not the case, then after a year renting sell it and count it as investment that has more favorable taxes, and we probably would reinvest the capital gain right away in another.As for my previous house that I sold in 2013, that was my own home, lived in it 3 years, and when I sold it I used most of the profits to buy my current home, so I can't remember now my tax filling for that year, but I think I didn't have to pay any taxes or very little for that.

Start contacting potential clients decide how you can provide value when you don't have much experience in CRE. ( I foresee a lot of free work)

Thankfully those days are past us and now when I hear about a client selling a property I know we'll do business again sooner than later. 

@Julian Pilate-Hutcherson We work almost exclusively with OOS investors and it's a mixed bag...I sold 3 MF properties this month to folks that have never been to the state...and I have another set of clients that have been in the market for months and make routine visits to the city...I think it has a lot to do with comfort-level...truth told, we can leverage technology and get every possible detail on the table for review to make a pretty informed buy/pass decision...combined with an inspection and appraisal, there is really no need to be here in person looking at deals....

I just had a client do a 10/30 for 7%, that's probably the high point.  

This is one of the MANY reasons that we steer our clients clear of blanket loans when they only have 1,2,3,4....even 1-15 properties.   

Alright Kevin, thank you for your support!

Hi guys, I just passed my real estate exam for New York🎉🎉  my question is, who should I work with in New York or what company is the best and have the best training and support and honest. 

Any closing I've conducted where my client was forced to purchase under the gun, there was a serious underlying issue.

I've decided to go ahead and file although I've heard that in Illinois landlords don't get any support garnishing wages.