16 August 2020 | 3 replies
I'm planning on eventually relocating including my rentals in a few years, but as some of my rentals are seasoning equity wise and coming up for capex/repairs, I want to sell and repurchase some out of state before I relocate.
13 August 2020 | 6 replies
"Advice please"What are recent (like post-COVID) SALES (NOT listings) showing for similar (equiv age, location, size, condition) actual sales.If you're still spot-on price-wise, then you wait and extol it's virtues more obvious to buyers.
20 August 2020 | 6 replies
You don't need a license, but it would be wise to read the laws and understand them before you get yourself in trouble.
14 August 2020 | 3 replies
It seems like a good deal percentage wise, but the rents are low.
18 August 2020 | 3 replies
The consensus is that used wisely it will make you more return that the stock market (BTW you only have until Dec 2020 to take it out , if is Covid related)
15 August 2020 | 1 reply
If you don't what you're doing, it'll be a very wise investment and you can learn.
28 December 2020 | 136 replies
Well this is the same mind set that those who have never been to CA OR WA.. they only hear of super expensive areas and dont realize that the majority of these states land wise is quite rural and not a whole heck of a lot more expensive than nicer areas of many mid western states.
16 August 2020 | 11 replies
Stats on the AZ home: Remaining mortgage balance: $203KCurrent market value: $280K-$300KMonthly Cash flow: $400.00My personal financials:Current savings account balance: 10KThinking about pulling my 401K balance of $20K to better leverage it on real estate.Total potential cash: $25K-$30K plus the possible $60K-$70K from the AZ home sale.If I sell the AZ home before the end of the year I may stand to make (after closing costs, realtor fees, etc) around $60K-$70K tax-free since I will be taking advantage of the 5-year capital gains exemption rule (Owner occupied for at least 2 out of the last 5 years).I want to purchase another owner-occupied home in VA for a future rental property as well but I am having trouble deciding whether I should sell the home in AZ and wisely use the proceeds (not spending the whole amount but putting a portion down and using some to fix it up, while also leaving a reserve to possibly purchase another home).
26 August 2020 | 19 replies
@Austin Wise The househack with the VA loan is a fantastic strategy.