All Forum Posts by: Brian Masotti

@David M.

Thank you David.

Thinking about strategies, to get into the market. Figured this method was a good way to clean up property while living in it, elevating value and instead of going flipping route build a more long term steady form of the income. I wasn't sure though if there was red tape I wasn't thinking about.

My situation, moved to Jax FL. Bought a condo, currently have been renting it for 2 yrs ( I've been managing it). Bought a house and living in it for 2 yrs, though recently took advantage of conventional fixed 2.875 rate to refi.

In a long term relationship, so thinking.. if things remain serious. Rent both her and my current properties ( 3 bedroom homes) and buy something together. In this case...

She has 300k cash flow in her property, mine is closer to 100k. Trying to think about best options to sustain longer term investment. I was thinking of saving to pay for new home directly without touching equity on homes. Not sure best strategy and if that makes sense or to take some out of current properties to help fund new home.

Thinking about renting current primary home and buying a new primary home.

Are there any issues if there is a current loan on "current primary" Thinking since mortgage rate is much lower and wasn't sure if there were post implications. Is this an advisible strategy, in buy a primary, living in it and them moving forward in this fashion?

Also with this, would you look to transfer the old property to llc to lower potential liability ?

Thanks in advance for your help!