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23 February 2025 | 5 replies
However, if you choose to stay there for a bit and sell you'll get the first $500K of profit tax-free if you've lived in it for at least 2 out of the 5 years prior to sale.
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6 February 2025 | 5 replies
What would you do in my shoes If you are talking about $90k profit before transfers in Cumberland...without question id sell it instead of holding it.
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10 February 2025 | 10 replies
At $1,700 a month, I would profit $300 which would go towards my new rent which is $475 a month.
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7 February 2025 | 22 replies
I would keep your house even if its a a bit negative as you won't be able to sell for much profit or any.
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13 February 2025 | 18 replies
One book I highly recommend is “Buy It, Rent It, Profit” by Bryan Chavis—it’s a great read for investors looking to build long-term wealth.Best of luck with your real estate journey!
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13 February 2025 | 7 replies
The profits that I make from selling the primary property, will be used to pay off my primary residence
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13 February 2025 | 6 replies
They have a great bearing on your profitability, but they don't affect the rent.
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31 January 2025 | 2 replies
Property managers have established vendor relationships and can handle issues quickly.Cons of Hiring a Property Manager❌ Lower Profit Margins – Management fees (typically 8-12% of monthly rent) eat into your cash flow, which can be a dealbreaker if your margins are tight.❌ Less Control Over Tenants & Maintenance – You won’t be as involved in selecting tenants or overseeing repairs, which might lead to decisions you wouldn’t have made yourself.❌ Not All Property Managers Are Great – A bad property manager can neglect your property, overcharge for repairs, or poorly handle tenant relations, leading to unnecessary headaches.Which Option Is Right for You?
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9 February 2025 | 9 replies
Flipping houses is a great way to create huge profits, raise private money and create marketing content around your remodels (the reason HGTV is HGTV).
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19 February 2025 | 3 replies
You will want to make sure you have enough room for your profit and to still make it enticing to an investor.