Its a 4 bedroom 2 bath nicely updated home.

Short Term Rental Properties Investment blog has been updated with a dynamic approach to elimination of debt and usher the audience into the arena of DIY investment strategies.

Market Considerations: Given the 12-14 month holding period, how much does your target IRR change in a fluctuating market (either rising or declining)?

Comparing the pros and cons of purchasing the 2 home types is not my aim here.In Scope: The change in the sales price of new construction homes from when they were first sold after construction to when they were sold subsequently versus the change in sales price for existing homes over the same period.

The Louisville and Southern Indiana real estate markets have seen notable shifts this year. Despite a slight decrease in total sales (-1.2% compared to 2023), average home prices have risen by 8.5%, with median home p...

If listing a property, FHA buyers may be ineligible until the 90-day period has passed.

(We're aware of the five year look back period for Medicaid eligibilty but it's not a big factor in our decision to do this.)We would get the house appraised so we can document paying FMV.House would be purchased with cash (it's a small home in a rural area and value is low)Inlaws would sign a lease so that it becomes a legitimate rental and we can deduct expenses, etc.

Recasting is when you make a payment on an existing loan and update the payments - for example if I owed $100,000 and my payment was $600/mo and I paid it down by $40,000 recasting is they update the payment based on the new $60,000 balance.If I understand this correctly, you are selling a home which you will make $300,000 on and putting $200,000 down and keeping $100,000 to renovate?

Property is considered unclaimed if there has been no contact or activity with the rightful owner for a set period of time, usually 3 to 5 years."

You can also tap into local real estate meetups or REI clubs to find contractors specializing in cosmetic rehabs, such as kitchen and bathroom updates.