I pulled out cash from that to buy another investment property in California that is considered a vacation home, but I am also renting out for short-term vacation rental when we're not using it.

Hello All,I am a 37 year old husband to my awesome wife (Bre) and father of one crazy 3 year old boy (James) and a soon to arrive baby girl (Kate).  I love being a dad and want to put a plan to action that lets me sp...

Use 75% rule in CA, not 50%.No one else has Prop 13. 50% rule implicitly assumes that prop taxes will go up with rent.

I was looking for a good referral to get a 3/2 SFR appraised in La Habra, CA.

Is the property in California?  

Hello bigger pockets community I am a 22 year old currently living in Southern california.

I actually will in morningI forgot to mention the total in funds is 500k  and the property I'm selling is in california

You don't have to own it to sell it either ... that's what Real Estate Agents do, they sell properties they don't own.The counter argument is that if you JUST look at cash flow when calculating your ROI, then pretty much no time in the past 30 years in Southern California (for example) has looked like a good time to buy, and yet somehow lot's of folks still managed to make a lot of money buying and holding real estate here, with much higher returns than they would've had in the stock market, and I'm sure most people were telling them then that prices were too high and there is no way they could go any higher.

I am about to replace a 1950 gravity gas heater with a modern unit, add c/a and do a little basement duct work to a unit all for $5,800.Around here (Delaware County, PA - near Phila), a "3Br, 1Ba, unfinished basement and no c/a" is the "base unit" for the row homes I buy. 

Here locally in CA.