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Updated about 4 years ago,
New from Stafford, Virginia NOVA
Good morning BiggerPockets, my name is Shawn Carney. I’m currently a full time firefighter in Northern Virginia and I’ve been listening to the podcast for a few months and just started looking at the forums.
I bought my first property, a townhouse, last December as a primary residence, but ended up renting it out in July because I wasn’t spending enough time to justify spending so much on an empty house. I’m currently cash flowing $200 while using a management company. I ended up moving in with friends and renting a room. My situation has changed and when the lease is over I would be spending more time in my townhouse. My long term goal is buy and holds so I can be financially free.
My question is this (I hope this is the right place), the lease on my townhouse is up in July, I need to figure out if I am going to move back in and not renew the lease or find a new place to buy and live in, I am in an expensive market so I need to figure out if I buy a new primary residence and continue the lease in July or move back in to the townhouse and then try and find another rental property.
Hopefully this isn’t too long winded and actually makes sense. Thank you all in advance for you help. Looking forward to getting to know everyone!