If simplicity is key, selling outright is best; if deferral or family planning is the goal, consider gifting or a 1031 exchange.This post does not create a CPA-Client relationship.

@Renee LeFevreTo rent out your basement, follow these steps: check local regulations, prepare the basement with separate entrance, screen potential tenants, draft a lease agreement, set the right rent price, consider tax implications, update homeowner's insurance, and build a positive tenant relationship to attract quality renters.Good Luck!

@Dylan Jeluso Brother, I have both a GC and a Real Estate license, and if someone had advised me earlier, I would have focused on building deals and relationships first.

At least a bank that you have your relationship with and super strong deposits  and could probably hypothicate them and get a under 10% rate.. just musing..

@Tiffany Da Silva Your proposed banking structure is effective for organization and profitability.

Consult a CPA to align the choice with your retirement goals.This post does not create a CPA-Client relationship.

Is BP Pro an effective and/or appropriate way to find Buyers and Sellers? 

Focus on building strong business credit through timely payments, low debt levels, and solid financial records, which carry more weight than the name alone in establishing creditworthiness.This post does not create a CPA-Client relationship.

Hi @Julie Philpott it depends where you are in Franklinton to feel the full effects of those new developments.

I don’t know which way to tap into equity and where to invest in .Quote from @Samuel Diouf: I love house hacking because you can get into the higher priced areas and leverage your money very effectively.