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Results (10,000+)
Marcus I. Help with a RE "sell or keep" issue
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).
Austin Wise 21 YO, wanting to start investing in rental properties
26 August 2020 | 19 replies
@Austin Wise The househack with the VA loan is a fantastic strategy.
Aaron Signore What are my options?
17 August 2020 | 11 replies
You wouldn't want to make an investment only to turn around and have to sell it if things went sideways  (relationship wise) and then you end up losing money in the long term.
Chris Horton 250k into 1mil loan investment suggestions?
20 August 2020 | 10 replies
Start local market wise
Account Closed First time home buyer, HML vs Traditional financing
16 August 2020 | 1 reply
I saw some good deals from wholesalers, but all they request to pay cash or hard money.Is it wise to use hard money to purchase primary residence, rehab, refinance, and move in? 
Erin O'Connor Smith Getting the upper hand back
29 October 2020 | 17 replies
-------------------------------------------------------------------------------------------------------------James Wise, of Holton-Wise Property Management Group, in Cleveland, Ohio; he had a few videos on U-Tube, a year ago, in which he goes over points, in how he manages Rentals, for himself, or for others.
Jack Barry Renting a SFH in Clarksville TN area
19 August 2020 | 6 replies
Do remember this, if you sell it now you have some tax shelter under capital gain tax, if you rent it out and sell it later you can only protect yourself, tax wise by a 10-34 exchange, unless you move back into the house and live there for 2 years.I would lean toward the rent and hold only because your house is in a great market and location and should only go up in value and rent.
Tyler Zwart Value of estate agents ?
19 August 2020 | 21 replies
When you buy you pay the commissions, however, accounting-wise it doesn't show up that way on the closing docs.  
Matt Harris What is my credit score worth?
18 August 2020 | 0 replies
- What do I need to ask for contract wise?
Luke G. Large House Split Based on # of People?
17 March 2021 | 32 replies
If your place is roughly similar in size (sleeping wise) then renting it as one place is the way to go.