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26 January 2025 | 1 reply
We probably would have renovated the main house also, and turned that one into an Airbnb if we had really thought about it back then.
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8 February 2025 | 8 replies
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.
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1 February 2025 | 11 replies
And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?
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30 January 2025 | 5 replies
It snapped off vertically down the middle when he went to the kitchen in the dark in the middle of the night and when he turned to walk back, he walked into a little cupboard door which pushed it back against an edge of the wall, which caused the wood to snap.
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26 January 2025 | 11 replies
This could turn a potential loss into positive cash flow while protecting your property’s value.
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5 February 2025 | 18 replies
Could not find much online so figured I would turn to BP.
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4 February 2025 | 17 replies
He pays seller's note ("outside" loan), and then the seller turns around and pays his loan ("inside" loan).
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26 January 2025 | 17 replies
Once I turned it into a LTR I was determined to solve it, so I had a very reputable plumber camera the line after it happened again.
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2 February 2025 | 6 replies
A good property manager will help to keep you out of legal trouble and also be a much-needed buffer for your new neighbors, who could turn out to be psychos.
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24 January 2025 | 18 replies
And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?