I lost money, hope you don't!

- Is it possible to avoid paying taxes if we just re-invest all the money to pay down the principal on the new mortgage (residential)?

I’m looking at two specific markets—Charlotte, NC, and Louisville, KY—but now I’m at a bit of a crossroads and could use some advice from this awesome community: should I use this money to rehab a multi-family property or go for new construction?

I am looking to cash out, so i would like to know if i should be adding more money into the rentals such as painting/roof upgrades?

You do not need to have a ton of cash in fact you could buy a home with little to no money down.

@Zachary Harr Personally I’ve researched other markets and have decided to just stay locally due to the headache factor of managing teams long distance.

As that will at least help folks that you reach out to know that you are a real person, with a picture and professional bio.

1.Subscribe to the BiggerPockets Money and Rookie Podcasts2.Attend the FREE WEBINARS3.Attend a Meetup in Your Area / virtual meet ups4.Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy5.Peruse the forums!

As that will at least help folks that you reach out to know that you are a real person, with a picture and professional bio.

If you live in the property there are some great owner-occupy loans available, like FHA or low money down conventional loans.