This would pay us back less than we were owed but still enough to come out whole.We all tried to negotiate a short payoff with the second-position lender, who foolishly demanded payment in full.

Whether it’s sprucing up a property with a few renovations or doing a full-scale flip, a good contractor can make all the difference.

Which is a good reason for full disclosure of ramifications and consequences.

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.

He is a full-time W-2 healthcare worker that makes about 72k yr. 

I now have a full team with property management and contractors in place. 

Best wishes I did not do a full appraisal, just brokers opinion to get the PMI removed which was the goal.

I am about to graduate college in May 2025, and will be making about $120k (pre tax) in my full time job postgrad (Washington DC area).

Hi everyone, I am a full time investor in Kansas City and my wife is Canadian (from Edmonton).

For example, with our private investors, we always ensure that deals are secured by real assets and provide full transparency throughout the process.