The reason being because of the 25-30% LTV you’ll have to live with on the refinance.

And remember, the journey through the market, with all its ups and downs, is part of a bigger adventure – living the life you've always dreamed of.Keep that in mind as you set out on your own real estate journey.

If so , you buy it , clean the living hell out of it .

Everything aforementioned is great information, I just wanted to provide a little extra color in the hopes it assists your client's decision.

So there are a few ways to look at this, the 1st question is are you sure your renovation’s will double the property value, most renovations on primary residences, your lucky to get 60-70% of the dollar cost back out upon sale, so really nail down your comps, than you have basically a math problem if your rate on your primary goes up how long if ever before that extra payment is more than 400k in taxes, that’s just a simple calculation to help you decide, but I suspect you actually have a different question here, from a purely financial perspective my guess is the best option is to do anything to avoid that tax hit, but one of the reasons to make money is to spend it on things that you enjoy, based on your overall financial picture and a subjective view of how much enjoyment you will get out of a renovated home, you should decide if you want to roll your profit into another deal or “cash-out” your winnings, I love cars and I’m willing to spend more than is fiscally smart on them because they bring me joy, there is nothing wrong with that, but i don’t think it’s a fiscally smart choice, without knowing your exact property id imagine a renovation would fall into that category, so that’s the terms I would use to decide.

As of today, my bookings for June-August are really light, but the house has done well so far considering the listing only went live in early March.

@Rachel Waldorf How do you live with 0 income?

They will attempt to answer them on the call (which is recorded), even if you are not present for the live call.

Coming at you live from Nashville, TN.

I also have property management companies run my properties as well.SituationGoing to close on a property in Minnesota, and upon looking into the rental licensing for this particular college town Saint Cloud I read some disturbing information which I couldn’t believe was real.It states in the application that if the owner lives 45 miles from Saint Cloud.