Morbid question here...but at a certain age we thing "What happens to my assets when I die?".

I am looking at 3/1 or 3/2 priced around $40-70k with rehab 35K with rents at $1100/average a month.

I remeber my buddy’s first partnership happened by sheer chance at a coffee shop-he ran into another investor and one conversation led to a multi-property deal.

This home had a HUGE delay that cost us thousands of dollars.The group that put in the underground plumbing dug the plumbing too low, and by the time we caught the mistake, the slab had already been poured and the septic tanks installed.We had to dig up the septic tanks, install a lift station, and reinstall the septic tanks.This all happened during 2 hurricanes, which caused even more delays.Time kills deals.This is why you need to 1) be conservative with your timelines and costs, 2) add contingencies to your budgets, and 3) have a healthy profit margin.

Bob - This is the first I'm hearing of non-homestead taxes.

Purchase price: $1,435,000 Cash invested: $3,010,600 Sale price: $8,400,000 We identified multiple lots around the light rail system in WA, where we felt that properties are going toincrease in value significantly, these lots were re-zoned from SFH to multi-family (MUR35mostly), we have developed, permitted and starting to build: 8849 Midvale Ave N, Seattle – Two combined lots, zoned for multifamily where we built 12 townhomes

Look at Riverside, San Bernardino, Kern, and Tulare counties.

I'm extremely nervous about starting in real estate but I want to provide more for my family and buy more freedom for myself and think this is the vehicle to do it with.

Since this happened during the storm, you might also want to check your insurance coverage

You should be able to see this on your return, both treatment and election.