I was told by the bank that I couldn't do a 1031 because it's a primary residence, and 1031 are only for investments.But I also don't want to sell and lose 20-30% on taxes (lived in the house for 2 years)What's the best route?

Here in GA it is a cash sale at the courthouse steps.With all the guru's and TV shows pushing "flip this house" and " a million mistakes were made and we still made money " newbies feel like they can't lose trying their hand at this stuff.In the entry levels flips new investors are overbidding due to lack of experience, construction materials are rising in cost, and contractors are in big demand so they are gouging on what they charge.

@Robert WilliamIf he doesn’t want to lose his home he needs to file bankruptcyIf he wants the most money he then he should just sell it.These are two very different things

Safe to say an issue when deals are not being found lol..For the price and guarantee what to lose, don't drag move, guarantee time goes fast.

If you have no assets then maybe you have nothing to lose but in time that will change.

There is alot of gentrification going on but you can really lose out on an investment if you have someone untrustworthy helping you out.

I see a lot of investors tear a deal down to the studs when they just need a cosmetic rehab, and then they are underwater on the deal and aren't able to exit without losing a significant chunk of money.

I think I would therefore, not allow a tenant to sign a lease more than 1 month before the move-in date - that way the security deposit can be used for damages if I lose any rent after the move-in date while I am trying to find a new tenant; and the security deposit only covers 1 month.

She's then at risk of losing her money, but it also means she won't do that to another landlord.

Then they will also be unprofitable and they will sell them, it is a vicious cycle and there’s simply too many STR‘s in the Poconos right now, the demand isn’t there and basically no one is making any profits off STR right now in the Poconos, they’re basically all losing money month over month on STREven right now in peak Summer season, most of my friends places are barely booked: they have low occupancy rates, and when they are booked, it’s only because they had to lower their prices extremely low like $100 per night.