In addition, your value is only on paper and not realized unless you sell it; I have not yet found a bank that will give me a LOC out of my foreign real estate equity.

Once the investor has the property it is their choice whether to add it to their portfolio as a rental unit or try to flip the property for a profit.Hope that helped.

After you have lived there for 2 years, you could keep the property as a rental up to 3 additional years and not pay capital gains tax if you decided to sell it.Keep in mind that if this is your first house, you are likely not going to live there forever.

Additionally, unless you have a good bit of REI experience (you don't), lenders aren't going to just hand you a line of credit to "give it a try

Of course, we disclose on the form that we understand additional items may occur due to unforeseen problems such as rotten wood, etc.

In addition, rental properties get a depreciation deduction.

That's the way the IRS will treat it, any, as an addition to your basis rather than an expense.

Also it keeps all of my contacts for me, reminds me about birthdays and occasions in addition to being able to send gifts if I choose.

In addition, you could volunteer to do some work at your local REIA.

In addition to this website which is amazing, i would like to expand my learning with additional material.Thanks,Gerald