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18 January 2025 | 19 replies
Also, take as many pictures as possible before the tenant moves in, again this protects you in case of damage caused by tenant.
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15 January 2025 | 12 replies
Of course, live wherever you want, if you see that storms are becoming difficult, it is easier to sell one home and move.
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11 January 2025 | 4 replies
We moved down to Jacksonville last year with our dog and cat from Minneapolis.
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15 January 2025 | 18 replies
If you’re not using a 1031 exchange, you’ll need to account for this.Reinvestment Risk: Entering new markets and managing multiple properties may present challenges, especially if you’re unfamiliar with the areas.Alternative StrategiesBefore committing to selling, consider these options:Leverage the Equity (HELOC or Cash-Out Refinance):With a 3.1% loan, selling might not be the best first move.
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16 January 2025 | 3 replies
We will be moving to the area late spring.
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13 January 2025 | 11 replies
Qualified applicants that get priced out of rapidly improving neighborhoods will move into these areas but it seems like they aren’t biting.High quality, lower income applicants aren’t stupid and they won’t settle.If you think this area is a losing proposition, I would think about selling and not banking on hope.In regard to vacancy, I don’t consider any area that has average occupancy (economic and physical) below 95%You might pay more for a better area but time will treat you right and you’ll make a ton of money in equity over the long term.
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15 January 2025 | 6 replies
We are seeing people move from higher cost of living areas like Raleigh, Durham, chapel hill, and even Greensboro.
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9 January 2025 | 1 reply
To move and restart would stink.
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19 January 2025 | 10 replies
It generally isn't worth the brain damage of experimenting though....especially if you want to move to a new home that you will own inside of the typical lender's seasoning period.
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12 January 2025 | 1 reply
Make sure it was never moved from one homestead to another from the vendor/builder only.