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Updated almost 3 years ago on . Most recent reply

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16
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1
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Hans C Hormann
1
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16
Posts

Buying a new primary

Hans C Hormann
Posted

Hello All, 

Background:

Wife and I both educators and I am also a realtor. In the past year we have scaled from 1 STR to 10. We even bought a new primary (temporary) to unlock the rental potential in our first primary home. That all being said we we are both quitting/taking a leave of absence to travel on and off for the next year with our 5 and 3 year old while remotely managing our str's meanwhile banking cashflow to buy a new primary when we return next spring/summer 2023.

Ideas I need feedback on:

- Buy a primary that we are okay living in with our family for the next 2-5 years before we hit the road , and rent it out while we are gone for a couple months at a time while realizing appreciation since things in our area are still moving up.

- Wait until we get back after banking money from renting all our properties and hope that our 2 years of investment property tax returns will help us to buy a new primary. (we really dont want to comeback to our current primary after we return)

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