The IRS will require them to charge a “reasonable interest rate” if they supply seller financing.

I watched the work digging for a sewer in the road in San Antonio and they must have been 20 feet deep- this was on a commercial feed on a main road. 

The plus side is the airbnb supply has fallen and we have noticed a HUGE increase in our gross STR rents, roughly 20% higher then a year ago.

And pay another set of closing costs.If you do have to refinance in 5 years, the main concerns would be to make sure your credit is good for the refi. 

One of my main challenges early on was learning to have no expectations and learning to help set and manage expectations with clients.

Reason we are trying this strategy is just due to the fact that just like the rest of the country there is limited supply in this market.

Will be turning into a 4 bedroom home with complete main floor living.

When I started, I first wrote out my 3 main objectives for my portfolio, which was cash flow, appreciation, tax benifiets in that order.

Hi Trevor, the main question is going to be how close is the new construction to a urban/suburban area? 

I’m simplifying the numbers here to focus on the main concept, so I’m leaving out factors like expenses, improvements, property management, repairs, etc., for now.Here’s the scenario:- I bought my house in 2022 for $1MM and used it as my primary residence.- In 2024 (after 2 years), I moved out and converted it into a rental.