Looking forward to hearing your thoughts and continuing to learn together!

When we moved, we turned it into a rental, hoping this would be the start of our real estate journey—something we’d like to continue once my husband retires.Some key details:My husband is active duty and will retire in 3 years.We have one final move coming up this summer to Raleigh, NC.Our current debts are crippling us—the high interest makes it tough to stay afloat every month.The plan I proposed to my husband:Sell the rental property.Use the proceeds to pay off all our debts, set aside emergency funds and a down payment for our next home.Free up $1,500/month from debt payments, and that also can stash in a high-yield savings account.Regain full VA loan entitlement, allowing us to purchase a multifamily home and use the house hacking strategy for up coming move.Avoid capital gains tax, since April marks five years of ownership, and the tenant’s lease ends in May.This wasn’t our original plan, and we hate the idea of using our equity to pay off debt.

I’m continuing to work with the tenant, but we’ll be approaching two weeks late with no signs of plans to pay.

Wishing you continued growth and accomplishments!! 

Continue to network with people in real estate, go to real estate meetups, connect with investors in the forums. 

This trend has continued since 2024, and buyers absolutely love them.

Quote from @Todd Anderson: @Damien Davis,Congrats on wanting to continue your REI journey. 

Charlotte, NC, and its surrounding areas continue to offer exciting opportunities for real estate investors.

This way, we receive continuous updates from attorneys who eat, sleep, and breathe lending at minimal cost and we know we are always up to date.

In most of Raleigh city limits specifically, the lack of room to build new construction developments has stirred the folks in zoning.