Maki Bick
Sell the house to pay off debt?
6 February 2025 | 2 replies
When we moved, we turned it into a rental, hoping this would be the start of our real estate journey—something we’d like to continue once my husband retires.Some key details:My husband is active duty and will retire in 3 years.We have one final move coming up this summer to Raleigh, NC.Our current debts are crippling us—the high interest makes it tough to stay afloat every month.The plan me and my husband are thinking bout:Sell the rental property.Use the proceeds to pay off all our debts, set aside emergency funds and a down payment for our next home.Free up $1,500/month from debt payments, and that also can stash in a high-yield savings account.Regain full VA loan entitlement, allowing us to purchase a multifamily home and use the house hacking strategy for up coming move.Avoid capital gains tax, since April marks five years of ownership, and the tenant’s lease ends in May.This wasn’t our original plan, and we hate the idea of using our equity to pay off debt.
Praveen Kumar
Rent to retirement
1 February 2025 | 9 replies
It's really your choice if you want to select a home that has already been leased prior to closing or not.
Daniel Huang
Help with finding multi-family properties on BP
21 January 2025 | 2 replies
Quote from @Daniel Huang: Hi, I am trying to transition to develop my rental income as I am in the final years of my professional career.
Tre DeBraga
FHA 203K Loan
28 January 2025 | 5 replies
There are other options as well such as homestyle, and choice Reno - happy to connect!
Paulette Midgette
A Contractor I Would Not Recommend
17 January 2025 | 12 replies
So, we felt we had no choice but to stick with this guy.Move on to the end of June.
Michael Labudzki
I have 200,000- 250,000
22 January 2025 | 8 replies
Six-unit apartments are an excellent investment choice, and I’d be happy to help you explore options that align with your goals.Looking forward to hearing from you!
Rushi Shah
Equity vs Cashflow
3 February 2025 | 5 replies
An duplex (main floor + basement suite) would be a great choice and you can decide if you will be living at the main floor or the basement.
Holly Radice
Unpaid Utilities on Potential Deal
22 January 2025 | 4 replies
We requested utility bills and after some time finally receive them.
Hendrix P.
Allentown, PA
3 February 2025 | 24 replies
Look to other members suggestions and, definitely interview your Realtor choices before going headlong into an agreement.
Christina Swaby
Do you provide incentives to your contractors?
28 January 2025 | 1 reply
The final payment is always the largest.