I have a property that doesn't align with the rest of our portfolio's strategy and we are ready to sell it.

Are you focusing on long-term rentals, or are you still exploring different investment strategies?

Bloomington is a city located in south-central Indiana, approximately 52 miles southwest of Indianapolis. en.wikipedia.orgRecently, the city has been exploring co-living arrangements as a strategy to enhance affordable housing options.

That experience made me realize I want to dive deeper into this space.Right now, I’m in the research phase—figuring out locations, property types, and strategies while working on funding and budgeting.

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

MTR strategy?

House hacking is an excellent strategy, especially with the potential to use an FHA loan to secure a property with a low down payment. 

If all your eggs are in this strategy for your move, I would strongly advise doing some underwriting and research concurrently with this selling decision.

Your strategy on a 5/2 is going to take a little more blocking and tackling for mid term rentals.

If anyone has any other suggestions about alternative strategies in the area that could facilitate cashflow, Id be all ears.