Also, it is bananas that a house like that is one is only 849k.

However, when the new owner sells, they will owe capital gains tax based on their share of the basis.Given the complexity and IRS scrutiny of 1031 exchanges and drop-and-swap strategies, consult a CPA or attorney specializing in partnership taxation to ensure compliance and maximize tax savings.This post does not create a CPA-Client relationship.

As there are Californians still moving here, the vast majority are instead picking the states with low or no state income tax like Texas, Florida, or Tennessee.Although we still have a positive influx of people moving here, more people have been leaving due to rising housing costs in recent years.To put it in perspective, we saw around +45k in the 2010's.Overall, CO is basically a balanced net migration in recent years which is likely to keep home prices steady....

I'm assuming the House is worth roughly $400k.Goals1.

Yes, Its a NNN lease & only expense the owner is responsible is for a $20k/annum.

I would be willing to share mine as well including the sheet I built to calculate where your offer needs to be on a house hack for it to make sense.

I have considered it but I keep things at a flat rate for the exact reasons you stated.I want people to get the exact price when they stay at our lake house.

If anyone in Pennsylvania is looking to sell their houses through a wholesale agent please consider myself as a reputable source of help.

@Rodney Womackstart with a house hack.

If you decide to keep your house, you can do an IRRRL after you have made at least 7 payments on your new mortgage.