Upon sale, gains are taxed as long-term capital gains, calculated as the sale proceeds minus your adjusted basis (initial investment reduced by any return of capital).

Leveraging the equity from your house hack for future investments, whether in STRs or larger multi-family properties, is a strategic plan, but ensure your initial property performs well before taking on bigger projects like flipping.

I started talking to him about the minimum amount to invest, since I didn't know him or his company and he initially asked for $2,000 usd.

My initial net rental income was $402 a month to $224 a month.

It looked like the new aggregator worked initially, but now won't sync though fails to report there's a connection issue.

Since i put 20% down, i am hoping i can do a cash out refi (will have enough equity) so I can take out my initial investment.

Actually, it is the President who drives tax policy. there has never been a major tax bill that was not initiated and supported by the President that I can recall.

Keep in mind that these homes are sold "as-is," so a thorough inspection is crucial to identify any potential issues that could affect your renovation budget and timeline.Special Requirements:Freddie Mac has a "First Look Initiative," which gives owner-occupant buyers an exclusive opportunity to purchase homes before investors can submit offers.

We were able to refinance with our go to bank at a decent rate in this environment which allowed us to pull out our initial investment and renovation cost.

So I stick with my initial assessment - insufficient due diligence was done at outset.