Newbie in Fort Worth, Tx
Howdy all! I just signed on to this website after hearing about it on another forum. I am looking to start a buy and hold investment business that can slowly replace/supplement my current income. I am hoping to make my first purchase within the year or first quarter of next year. I am currently trying to raise some more startup capital to make this first purchase. I am hoping to start with a multi-family unit.
I have considered selling my current house at a 15k profit, but would have to take the 15% capital gains hit because I have been in it less than 2 years. I could rent this house out, but it does not meet the 1-2% rule. I am fairly eager to get started, but don't want to screw up my first deal and my living situation at the same time