They were NOT interested in our logical reasoning:(Regarding getting out of your current PMC contract, suggest you read the contract to determine your options.

Hi Zhenyang It sounds like you are looking to determine which kind of loan will allow you to afford a higher price point based on a $1.5 Mil down payment? 

Generally, a loss can only be claimed in the tax year when the investment becomes completely worthless or when there is a final determination that no further value will be recovered.If the REIT has officially liquidated, been declared insolvent, or issued a final report confirming that no additional distributions will be made, you may be able to claim the loss on your 2024 tax return.

Hi Juliann, before moving forward, it’s important to determine the level of renovation you're comfortable with.

Capital gains are calculated as:Sale Price - (Original Purchase Price + Capital Improvements + Selling Costs) - depreciation (if applicable) = Capital GainYour mortgage or HELOC balance does not affect this calculation—it only determines how much cash you take home after the sale.In Massachusetts, if the home was your primary residence for at least 2 out of the last 5 years, you may qualify for the Section 121 Exclusion, allowing you to exclude up to $250,000 (single) or $500,000 (married filing jointly) of the gain from federal capital gains tax.

We own our house in Seattle and are trying to determine the best strategy for our move - what approach would net us the most money over the next 1-3 years.

How is the $10mm valuation determined.

My thinking immediately turned to researching local rental costs per square foot to determine income potential with triple the current square footage.

Just remember, it's a challenging journey that calls for commitment, determination, and a mindset that's open to growth.

To determine if an apartment building is a good deal, look at the property's cash flow, cap rate, and potential for rent increases.