We are also considering an investment property loan so we could then stay in our current place and then rent out our 2nd property.Thats a good thing to keep in mind about STR revenue.How do you usually run your numbers and know what revenue to expect before buying a property?

Keep in mind, though, if you just sell outright, you could be looking at capital gains and depreciation recapture, so it’s worth crunching the numbers with a proper tax professional (I’m not one, by the way).What do you think the rest of the community has seen happen to property values since last year, and do you believe it changes the 1031 conversation?

Paying off the note is what helps.. in my mind and how I did my sub tos  I would never buy just because of low downpayment or interest rate.. there HAD to be big equity upside DAY ONE.. other wise its just a PITA

But if you have a self-directed IRA or 401k, keep this strategy in mind, as it could potentially save you hundreds of thousands of dollars in taxes.

Keep in mind that you will probably be required to sign a personal guarantee of the loans.

Set a clear budget, research properties carefully, and keep growth potential in mind as you plan.Good luck!

When we miss, even a little, we don't mind being held accountable, fairly.  

Condos are cheaper than houses, and to my mind, a vacationer wouldn't care much about staying in a bigger place for their short stay, and would be more concerned with a good location and a nice view.Thoughts?

I just got done making a YT video on the subject, so it's fresh on my mind.

My focus is on identifying value-add opportunities and managing properties to maximize cash flow and ROI.I’m here to connect with like-minded investors, share insights, and learn from others in this amazing community.