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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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7 February 2025 | 10 replies
She had a lot of lease violations, late rent, etc.
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22 January 2025 | 16 replies
So, all parties over 18 need to sign the lease.If they are going to sign the lease, why wouldn't you screen them?
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29 January 2025 | 3 replies
Your decision to lease this property for short periods is what makes this a short term rental property, not the property itself.
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22 January 2025 | 13 replies
I have been told to stay away from lease options in Texas.
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24 January 2025 | 8 replies
What do you have in your lease about repair requests?
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4 February 2025 | 6 replies
After a snakeable back up in another property due to tampons I added to my lease that tampons won't be flushed and if they are it would be their responsibility to pay for repair.
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7 February 2025 | 5 replies
.• I was able to keep it well occupied and leased throughout 2024.• I sold the condo unit in late 2024 for a nominal profit.That brings us to today.
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9 February 2025 | 15 replies
I have two: one is my primary residence that I also use as an STR, and the other is a leased rental property that I manage remotely.Since I'm out of town, I'm finding it challenging to manage things like finding a reliable handyman and getting help with staging.
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30 January 2025 | 8 replies
And one side was already leased.