If you lived in the property for 2 out of the last five years then you wouldn’t pay capital gains up to a certain amount.

Without proper planning, house hacking can become a financial strain.DM me for further questions or assistance if needed.

My parents live there as well.

My real estate journey began in 2010 with a three-family property that I lived in, renovated, and eventually turned into a profitable rental before selling it via a 1031 exchange to purchase a short-term rental.My current goal is to acquire my first multifamily property using private lending by Q1 2025 and grow my portfolio using the BRRR strategy.A question for the community: What’s been your most effective way to connect with private lenders for small multifamily properties?

Its a rule of thumb SHORTCUT we use to make DECISIONS every day of our lives!

A lot of voucher tenants actually can afford to not live in the worst parts of Baltimore but won't live in the best either. 

What makes it slow in this case is that you don't really start seeing real cash flow until after year five but it's more effective than rentals in that there is little to no maintenance.Sure you can live in a home while fixing it up with the intention of selling it for a nice profit later but I think many people are already doing that and the buyers of slow flips now also have that opportunity without having to qualify with a bank.

I do plan to live in the vacant side at least for a year, with a VA loan after a year I can take out a loan on another property.

What was your plan to manage the property especially when you are not living in that area/ country.

Im more a hands on learning definitely and as far as living in a unit i couldn't yet because its out of the kids school district  plus the limited space. but thats the goal, to buy a small air or inn to manage and run for work while still renting in our district and then looking to buy since we're renters again!