Protecting your asset is sometimes a  factor in an upgrade.

Remember, buying a property is a financial decision that should align with your long-term goals and comfort.If the new lender offers a better rate and lower monthly payment, it’s reasonable to consider that option.

However, I shudder at the popular suggestion to sell some of your investments for tax purposes, often coming from commission-based brokers and financial advisors.

. --------------------------------------------------------------------------------------------------------------------- Here's the information I promised texting you about how we can help you achieve your financial goals and foster your personal growth.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

You should visit Beers and Deals in Little Italy hosted by @Rich Somers as well as Ales & Assets hosted by @Mel Adams.

Unfortunately, STRs as single family homes are still considered residential assets.

Here are my thoughts about your decision to refinance.Process:Understand your current loan terms.Check your credit score.Compare offers from different lenders.Get your property appraised.Submit your application and go through closing.Considerations:Current interest rates vs. your existing rate.Amount of equity built in one year.Closing costs and fees.Your long-term financial goals.It's a complex decision, so consulting a financial advisor or mortgage specialist might be helpful.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

It doesn't make financial sense to try to rent out a 1BR MH, especially when they have to pay lot rent on top of that.