Townhouses and condos can be moneymakers. there are not many duplex/triplex options in NOVA, FYI.

Does anyone do wholesaling here in Nova Scotia?

Are any other BP people going to this event? Looking to connect with others while I’m there.

Looking for recommendation for a Real Estate Sellers Attorney in Northern Virginia area. If you are working with one or have worked in the past, please recommend a name.  Thank you so much!

Newbie from NOVA here.  

I would read the below article to help you understand per IRS rule RE professional but again speak to your CPA and or attorney for guidance.https://www.thetaxadviser.com/issues/2017/mar/navigating-real-estate-professional-rules.htSo you invest $100k, and let's just say for argument sake it is a 6% cash on cash return so you will make $6k in Year 1 and go up from there.

HUD usually requires 60 days notice + to the end of the month for the new rate to take effect (notify Mar 2 and you can get it Jun 1). 

I am looking in the NoVA D.C.

If you cancel by Mar 25, you will get a 50% refund.

As far as the “no cap” loans, that only applies if you don’t have a current VA loan, which if you refinance out of the VA loan into a conventional (something I recently did to save only $60/month but anticipating moving to a more expensive market in the next 2-3 years) you’ll have no VA loan and be able to take advantage of the lifted cap.