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16 February 2025 | 6 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 me and my husband are thinking bout: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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21 February 2025 | 1 reply
Are there any ways to get around this?
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20 February 2025 | 4 replies
I've been on this platform for about a year, and while I find it extremely useful, i feel as though some of the leaders in the forums are thinking too black and white and potentially shutting down excited new investors.
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5 February 2025 | 54 replies
Would it make sense to reduce risk and use his connections first and invest it that area?
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4 February 2025 | 8 replies
My two year at the time old grab the edge to help stand up from the seated position on the floor and the glass stop slid off and almost caused severe harm.
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22 February 2025 | 5 replies
We would have to come oop about 400-450 for 2nd HH.Also planing to use other rest of heloc for a dscr or brrr so that would possibly help as well.Would you wait until rates drop to do another HH and just buy the brrr/dscr now?
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15 February 2025 | 19 replies
I tried to put the pieces together to build a solid team out there but it's really tough unless you have someone local to help you run it or are willing to drive back and forth.
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14 February 2025 | 8 replies
Applicants pay a one-time application fee, which is valid for 30 days, allowing them to apply to multiple properties within that period using the same fee.
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14 February 2025 | 6 replies
I can contribute to 23500 to traditional 401k, 8550 to HSA, and 7000 to Roth IRA.
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17 February 2025 | 0 replies
I was trying to use the rental profit calculator but it did not have an option that I could see for Canadian towns and Provinces.