Investment Info:Single-family residence buy & hold investment.

We are currently looking at refinancing to get out of the PMI on our first and primary residence, and I saw a "scam" on replacing your mortgage with a HELOC and you'll pay down your mortgage in 5-7 years without doing anything!

how long have you owned it and was it ever your primary residence? 

@Brett JurgensThe "2 out of the last 5-year rule" in real estate allows homeowners to exclude up to $250,000 ($500,000 for married couples) of capital gains from the sale of their primary residence if they lived in the home for at least two out of the five years before the sale.

This will be a 1,600 square foot residence, 40 x 40. 

AlabamaAlabama residents enjoy a low cost of living and a thriving economy.

If so, I would definitely consider a shorter-term lease or MTM lease to get you into that period and re-negotiate with the current resident or re-lease it at a higher rate. 

It’s always an honor to contribute to such an incredible platform that empowers investors to build wealth and take control of their financial futures. 

I am currently a resident in LA county however I own a rental property in Burien, WA.

The good places to start investing at the moment are places within a 10 min drive from main urban centers, and which have different types of residents (not just tourism, not just workers, etc).Feel free to reach out in case we may be of assistance.