We still owe roughly $900K on a 3% mortgage.We’re planning to retire abroad and are weighing two options:1.Sell the home – I already have a buyer lined up, so this would be a straightforward exit.2.Rent it out long-term (furnished) – While I don’t think the rent will fully cover the mortgage, it might come close.

Ever since that conversation I went on a deep dive of research and studying to figure out how to accomplish these wild ambitions of mine.She helped me get my first property when I was 24 years old, which we ended up selling after a few years and using the revenue to purchase another property.

But, it’s not a business because even if successful, you don’t own the underlying asset, so unless you grow very large you have nothing to sell.  

There are also few things better than tax free cash if you want to sell it and move out.

REI investing for almost 20 years, owning a wealth management company for 22 years, suffice it to say there has been a lot go data/spreadsheeting/tax analysis/meeting with my team go into this overall decision to sell the entire portfolio at once.  

Not when I can build a home and 9 months later sell it and make 100k even after tax thats 60k and basically a double your COC so rentals at small deltas just dont really do it for us except tax breaks but I dont like to let the tax dog wag the tail.

Or, plan on this being a nest egg builder and growing your equity, living in the home for 2 of the last 5 years and then selling with Section 121 exclusion. 

Purpose of the fund: To purchase old land, rezone, demolish, and rebuild homes to sell at a profit.

some of my investor friends have mentioned it. they get all there stuff at wholesale prices and it allows them to sell things for a discount. 

I can also document that I have over 1,000 plus real estate transactions as an agent and an investor.I had two transactions that they just kept lying and telling me and selling me you will have CTC in a week or less, From each of those points it was more than 60 days.I begged loan officer and processor to be truthful.Their failure to close in a timely manner cost me dearly.