Lease and buy. I don't care if you have a negitive cash flow form the Cali home. The apprecation is outstanding. Don't sell it. Pull a HELOC out of it and buy where you are moving. Repete the process 10 times. Buy a preconstuction condo on the beach in Mexico and retire comfortably.
Hi! Glad to meet you.
This looks like an average LT investment the way you're presenting it. You're the first investor I've ever heard shrug off a NCF, though. If I were in this situation, I'm not sure I'd go with a HELOC, that would just put me deeper in debt to a lender, and I'm already losing money on the deal.
This advise sounds more like what I'd hear from a real-estate agent or tax advisor than from a REI. I don't know about everyone else on here, but I don't have the money to be throwing at a pie-in-the-sky LT appreciation.
Also, I don't know about Las Vegas, but in Indiana you can only take out so much in home loans before you hit the ceiling and they stop lending - even if you have PCF from ALL the properties you own.
Not trying to be argumentative, just looking for clarification.