@Linda L.

@Marc Cunningham & @Linda Weygant Thank you so much!

@Carter CrowleyI was searching but couldn't find the right spot.

@Linda WeygantIf I am building a spec home and have expenses in 2017, but sell the home for profit in 2018, when do I take my 2017 losses? 

Quote from @Linda S.: @Joshuam R., 1) I enjoy knowing that I've turned a house that was boarded up and a complete eye sore, and renovated it and brought it back to life.   

@Clayton MobleyHOLD, How to Find, Buy, and Rent Houses for Wealth by Steve Chader, Jennice Doty, Jim Mckissack and Linda Mckissack.Very pratical and informational.

Quote from @Keleisha Carter: Recently purchased a STR but unable to use the equity to purchase another one to help with the downpayment.

Linda D., is that because you live in VA?

I was looking to see if the hassle would be worth it to make the SFH in Linda Vista into a Short term rental.When I do the math as a STR vs LTR, I come out about $1,500 month ahead.

you will get a wide variety of answers depending on the age of the person you talking to.In my day starting out in the late 70s.. there was no 5% down.. what you did was 80  10 10 10% down in cash 10% from HML and 80% bank note.. banks would not lend more than 80% in those days(which is probably pretty smart on their part).so for me new construction in Milpitas CA for 90k ( lot of money in the late 70s)  10k down 10k second at 15% due in 3 yearsand 9% first it was just a few years later in the Carter years that rates sky rocketed to 15 to 20%. lived there 18 months sold for 50k profit bought up market in the SF bay area and well I let appreciation do its magic