The trials you face—long nights, tough negotiations, setbacks—will all be worth it for the wealth and freedom you can create.

You can even create a “hotsheet” in the MLS to notify you of any listings in your target area that expire each day.

Be mindful of recapture tax when selling but consider long-term strategies like a 1031 exchange.This post does not create a CPA-Client relationship.

So I changed my approach from slacks and a tie and "Hi, I'd like to help you sell and buy" to shorts and casual - but nice - button down shirt and "Hi.  

Consider an installment sale if financing is an issue.This post does not create a CPA-Client relationship.

This gives you flexibility and a clearer understanding of how you’ll proceed based on market changes.

I have learned a lot from this situation which I will take into not only my investing business but my life overall.  

We put the 20% down, but then life happened.

This is much lower than the costs associated with refinancing.Benefits of Mortgage RecastingLower Monthly Payments: The most immediate benefit is a reduced monthly payment, which can free up cash for other financial goals.Save on Interest: By reducing your principal balance, you’ll pay less interest over the life of the loan, potentially saving thousands of dollars.No Credit Check or Appraisal: Unlike refinancing, recasting doesn’t require a credit check, income verification, or home appraisal, making it a quicker and simpler process.Keep Your Current Interest Rate: If you have a favorable interest rate on your current loan, recasting allows you to maintain it while still lowering your payments.Drawbacks of Mortgage RecastingRequires a Lump Sum: Not everyone has the cash on hand to make a significant lump sum payment, which can make recasting inaccessible for some homeowners.Doesn’t Shorten Loan Term: While your monthly payments are lower, recasting doesn’t reduce the length of your loan.

What I wrote above does not create an attorney/client relationship between us.