All Forum Posts by: Jon Huber

@Bill Jacobsen  thanks for the feedback.  It's looking like I'm leaning that way

I own my propery in LA (Mar Vista), and it's not in the $2m... But it was purchase for 450k and is valued over 600k (as per my neighbors comps selling this month). I haven't hit two two year mark on my property yet. So selling now, I would have to pay the capital gains. I am thinking to move to NJ (where I purchased an investment SFH this year) at the end of 2015. I would not be moving into that home. I am a licensed realtor in NJ where I actively sold from 2004-2007. When the bubble burst, I didn't have the clientele at 26 years old to weather the storm, so I fell back onto my degree. It's done me well so far. So my passion for RE is owning and the thrill of the chase in finding diamonds in the rough.

@Brett Synicky undefined and @Bill Jacobsen   Let me know if you have any other questions. Thank you both for the feedback

Hello BP...

I have listened to the podcasts, but just never signed up. Long time listener, first time "poster"? Anyway, if I would be relocating back to NJ and I am debating on whether I should sell my property in LA. I would stand to make about 35% on it, which (to me) is a homerun for a Los Angeles property on the Westside. I could certainly use the equity and purchase more properties, or I could hold on to this one as properties have appreciated through the roof. Also, this was the first property I purchased, so I used my first time home buyer "blessing from above" with this property and have a 5/1 ARM. I don't even think they do those anymore. I would lose about 100-200 each month, however, the "proposed" resale value would certainly be higher than 2,400 next year. I know I can not predict the future, nor would I expect anyone else to... just asking what they would do in this situation.

   Also, I am looking for some sort of mentor-ship in the Los Angeles - metro or New York - metro areas. I would love to expand my RE portfolio. I do have a full time job in the tech field, but I have had my RE license since 2004 and it has always been my passion.

Would love any and all feed back!

Regards,

Jon