However, rates have since moved upward.A 30-year fixed rate mortgage is once again sitting around 7% interest:The real estate industry hoped 2024 would see a recovery in which mortgage rates fell and home sales climbed.

After discussing with Justin, I am certain that we can help you in your scenario as you and your wife transition from one industry into more real estate.

While different industries may have additional location requirements, there are four basic requirements.Low crime: Companies are unlikely to establish new operations in high-crime cities.

In our trade, I would not expect any owner or GC to get this correct since our industry is extremely specialized.

Quote from @Jake Thorpe: In this industry, there is a lot of incentive to bend the truth, some say dont say x to the lender.. and if something happens dont say y to the insurer. 

I’m a lifelong learner and exactly doing what you have all suggested- reading, researching, attending meetups, plan to attend conferences etc so I can continue to grow and be knowledgeable in this industry.

i.e. single proper Buyer agreement, exclusive buyer agreement, etc.Does the principal broker her a signed agency disclosure with this party?

Quote from @JD Martin: Quote from @Jay Hinrichs: Quote from @Matthew Drouin: Small wine town is all I needed to hear.Seasonal tourism is usually not a great industry in which to build a sustainable business.There are probably higher and better uses of your capital near high velocity metro areas.We have small wine towns near our city in the finger lakes region of western NY.  

Another option would be to use the Section 121 exclusion for your personal residence.

Speed and cost/tax-efficiency are usually mutually exclusive.