Real estate has a lot more involved - loan paydown, potential tax advantages, time spent since it is quite a bit more "hands-on" than the stock market, repairs/maintenance etc.

@Ryan Espinosa Newly passed Proposition 19 will have potentially severe financial consequences for children inheriting property from their parents.

The court determined the requisite intent was proven by the taxpayers’ efforts to rent the home, including placing flyers in nearby areas and showing the property to potential renters, demonstrated their intent to hold the property for business purposes.)See Goolsby v.

I want to GC these projects, perhaps starting with just one build, but would like to have someone with experience to offer advice/consulting to help with the process and ensure I avoid or minimize potential mistakes.

I have it advertised to rent now and I've got someone who is potentially interested in purchasing the house outright or doing a lease option. my questions are:1.) if I sell it out right, only having owned it for 4 months will I get slammed with self employment tax and regular income tax and not be eligible for 1031 exchange. or could I still call it an investment property and be able to 1031 because my intent was to rent it?

Financing OptionsAnalyze potential properties for house hacking.Assemble a team of professionals, including a real estate agent, mortgage broker, and possibly a property manager.

What was the outcome?

I obviously need to build a house on it to bring the value up to its potential (I don’t even know where to start with something like this) Then sell it?

Adding a bedroom and bath.Along with other interior upgrades: New kitchen, flooring & Paint What was the outcome?

I think selling and buying 2 more will be good for potential benefits of appreciation.