What's the harm of renting your place out for $150 less than your mortgage?

@Corey Davis Great question:Owner's goal is to minimize credit harm and find a new beginning as smoothly as possible.

The better lead generation comes from: we've made it a habit of driving around looking at neighborhoods and getting to know them (particularly in Cary and Morrisville), so now we just need to start writing down addresses so that we can start doing some driving for dollars/direct mail marketing campaigns going.

Joe may be alluding to the city red tagging the home as not habitable.

It will only change the debt and equity ratios when structuring a 1031 Exchange in the future, but does no harm.

Realtors shy away from crazy stuff that they don't get paid for or that could harm their client, they are not all adverse to investors, most make tons with investors!

- Real Estate is much more mentally stimulating than paying off debt, but that could be reframed if necessary- I'm concerned that if I pay off my CC debt that old habits will put me right back into it- I'm a Math guy, so it feels difficult to justify paying off a loan at 5% than investing money at 15-20%.

Be mindful that there may be additional citations or warnings in the works that are not included in your current list.If a muni agency did the inspections and made these requests then they'll have to be satisfied for habitability.

We always send the approval letter to the buyer, redacting any private info. as there is no harm, and it is necessary for the title co. to have it so they can follow/verify the required terms of the approval letter.

I'll also share a bit of experience that I and so many of my other students have benefitted from - and that is weining yourself out of the tenant and toilet business altogether, to eliminate 80% of the stress and work involved with renting out Habitational real estate.