My wife and I are officially under contract with a new primary residence, with the goal of moving and then turning our current home into a rental.

While a washing machine may seem a menial one... people do notice nicer options.All the best!

**Overpromising and Underdelivering:** In my experience, some marketers employed questionable tactics, such as making exaggerated claims and using high-pressure scarcity pitches.

I currently own my primary residence and have about 60k in equity.

I reside in NC and the property is in NJ.

300k purchase + 10-15k closing + 80k remodel + 5k for refinance costs. 80k remodel number I got from my father who is a general contractor in the area. 500k ARV x .80% refi (because it would be my primary residence) = 400k minus 15k closing, 80k remodel, 5k refi cost = 300k my original purchase price.

That means either you won't cash flow or your Return on Equity (ROE) will be terrible.Since this is your primary residence you'll be exempted from paying capital gains taxes when you sell.If you sell to your parents, it will be considered a non-arms length transaction and will get closer scrutiny.

They might be lower-cost options, but in standardized, commoditized transactions, their UX quality and excellent customer service set them apart from other direct-to-customer carriers and agents.It would have been ad hominem had I offered proctologist referrals to assist with dislodging your head from the rectum it resides....I did not do that, I ignored it's placement.

PadSplit has developed a platform that aligns incentives among residents, property owners, and communities to make affordable housing possible for the private market.

Investment Info:Single-family residence fix & flip investment.