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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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27 January 2025 | 9 replies
The ZIPs with the most activity?
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13 February 2025 | 22 replies
Readers should seek professional advice.
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12 February 2025 | 27 replies
I see a lot of new construction in Richmond and Berea as I travel from Lex nearly every day im excited to see how the mega site in Mt Vernon and Richmond grow these areas What surrounding areas of Lexington are you seeing more activity?
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11 January 2025 | 7 replies
Quote from @Keegan Darby: Hi BP - I’m seeking advice on a property I own.
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11 February 2025 | 29 replies
You can attend and be very active at networking events.
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1 February 2025 | 14 replies
I've been active in the community for many many years.
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14 January 2025 | 7 replies
Readers should seek professional advice.
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29 January 2025 | 8 replies
.: During our pre-scheduled quarterly inspections, most of our tenants just go about their usual activities—cooking, watching TV, working, etc.
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28 January 2025 | 8 replies
Readers should seek professional advice.