I am in the process of selling two properties in Tahoe. One is an older 3/2 house. I found a buyer through a friend of a friend. No commission cash buyer no hassles. The other is a low end condo flip. I have a partner that wants to flip fixers. If the vacancy tax passes there could be some buying opportunities. Then I will just be a passive investor if he finds the deals.
I don’t think the vacancy tax will pass and I am actively involved in its defeat and with the campaigns for council member opposing it.
I am spending most of my time on my farm. We just won some awards for our Cab and Chardonnay at the Eldorado County fair.
And a looking forward to another bountiful harvest. More importantly I found a neighbor wine maker that’s helping out.
I am also looking at solar for my farm. Meanwhile Biden doubled the tax on Chinese solar panels… that and high interest rates combined withPGE giving no credits makes solar look less attractive. Might have to have batteries to make sense. And a generator… $50k maybe?to save $800/m?
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I am paying the tax on the ones I am selling now.
Maybe will trade into NNNs on some of the larger deals in the future.
I am bullish on RE long term . But high interest rates are definitely hurting the lower priced homes. When you can get 5.2% in a money market why buy 5 caps? There maybe some 7cap value plays… but most NNN are 5 caps or less.
High end homes like in the Keys are selling to cash buyers flush from ATH stock values…
I do still ask questions about fixing real estate 
I’m here too man .congrats on retirement
