If you’d like to discuss further or share your insights, feel free to reach out to meLooking forward to hearing your thoughts—thanks in advance for your input!

Is it better to sell, pay off mortgage and capital gains and take the cash to invest in another property or is it better to refi/ETO and take the cash to invest in another property?

My property is fully renovated, furnished and ready for immediate occupancy, making it an ideal solution for families or individuals in need of temporary housing during their recovery process.I would greatly appreciate any insights, recommendations, or specific contacts that could help me effectively position this property in the disaster recovery housing market.I have one last question's lot of Insurance company stop writing policy in long island NY.

Your problem will be them incurring capital gains taxes simply so you can get a commission.

Appreciate any insights you can share.

I would also recommend reaching out to a Zoning Attorney and checking to see if they may have any additional insight as to the feasibility of obtaining a Map Amendment in this area.

Appreciate your insights. 

I am happy to give you on insights as we have them.

Thanks for your insight ,very helpful. 

Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.