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All Forum Posts by: Jacob Portalatin

Jacob Portalatin has started 4 posts and replied 12 times.

Post: Sell or Mid-Term One Unit or Two

Jacob PortalatinPosted
  • Investor
  • Washington DC
  • Posts 12
  • Votes 2

Nick, excellent feedback. I appreciate it. In either case whether long-term both or mid term both units adding another unit if possible makes sense. I wondered if doing a hybrid where the bottom 1/1 is mid-term and the top 3/2.5 long term or vice versa. Quite a bit to think about and agree with, depending on the current situation. Thank you! I will continue to ponder what to do. 

Post: Sell or Mid-Term One Unit or Two

Jacob PortalatinPosted
  • Investor
  • Washington DC
  • Posts 12
  • Votes 2

Jason, sounds great. Would love to connect and discuss further! 

Post: Sell or Mid-Term One Unit or Two

Jacob PortalatinPosted
  • Investor
  • Washington DC
  • Posts 12
  • Votes 2

Great insight! Thank you. 

Post: Sell or Mid-Term One Unit or Two

Jacob PortalatinPosted
  • Investor
  • Washington DC
  • Posts 12
  • Votes 2

Jamie, fantastic feedback! Thanks for the insight.

Post: Sell or Mid-Term One Unit or Two

Jacob PortalatinPosted
  • Investor
  • Washington DC
  • Posts 12
  • Votes 2

Thank you. Great insight and feedback! Yes, lets connect.  

Post: Sell or Mid-Term One Unit or Two

Jacob PortalatinPosted
  • Investor
  • Washington DC
  • Posts 12
  • Votes 2

Hello, I have a three-level townhome in Annandale, VA. I move next year, military duty, and I am considering whether I should sell or mid-term rent. My monthly PITI is 3071. Long-term rent would not cash flow.

The home is a three-bed 3.5 bath three level townhome. The bottom level is 80% finished. I am considering finishing it and converting some of the space into a bedroom and finishing the laundry with a kitchenette. The basement already has a full bathroom, sliding door, and a full-size window. I think I can use it as an egress.

After the conversion, I would have a 3/2.5 unit and a 1/1 unit. I think this would appeal more for mid-term rentals and produce more revenue.

Short-term is only allowed 60 days a year in my county, out of the question.

I appreciate your thoughts on keeping it a 3/3.5 single unit or converting it to a 3/2.5 + 1/1.

Thank you!!

Post: Sell or Mid-Term One Unit or Two

Jacob PortalatinPosted
  • Investor
  • Washington DC
  • Posts 12
  • Votes 2

Post: Sell or Mid-Term One Unit or Two

Jacob PortalatinPosted
  • Investor
  • Washington DC
  • Posts 12
  • Votes 2

Hello, I have a three-level townhome in Annandale, VA. I move next year, military duty, and I am considering whether I should sell or mid-term rent. My monthly PITI is 3071. Long-term rent would not cash flow.

The home is a three-bed 3.5 bath three level townhome. The bottom level is 80% finished. I am considering finishing it and converting some of the space into a bedroom and finishing the laundry with a kitchenette. The basement already has a full bathroom, sliding door, and a full-size window. I think I can use it as an egress.

After the conversion, I would have a 3/2.5 unit and a 1/1 unit. I think this would appeal more for mid-term rentals and produce more revenue.

Short-term is only allowed 60 days a year in my county, out of the question.

I appreciate your thoughts on keeping it a 3/3.5 single unit or converting it to a 3/2.5 + 1/1.

Thank you!!

Post: Sell or Mid-Term One Unit or Two

Jacob PortalatinPosted
  • Investor
  • Washington DC
  • Posts 12
  • Votes 2

Hello, I have a three-level townhome in Annandale, VA. I move next year, military duty, and I am considering whether I should sell or mid-term rent. My monthly PITI is 3071. Long-term rent would not cash flow.

The home is a three-bed 3.5 bath three level townhome. The bottom level is 80% finished. I am considering finishing it and converting some of the space into a bedroom and finishing the laundry with a kitchenette. The basement already has a full bathroom, sliding door, and a full-size window. I think I can use it as an egress.

After the conversion, I would have a 3/2.5 unit and a 1/1 unit. I think this would appeal more for mid-term rentals and produce more revenue.

Short-term is only allowed 60 days a year in my county, out of the question.

I appreciate your thoughts on keeping it a 3/3.5 single unit or converting it to a 3/2.5 + 1/1.

Thank you!!

Post: Rental Arbitrage - Taxes

Jacob PortalatinPosted
  • Investor
  • Washington DC
  • Posts 12
  • Votes 2

Eric what did you find out based on your question?