As long as you purchase at least as much as your net sale and use all of whatever proceeds are generated, you will defer all tax.

Assuming you're in the Charlotte market, there should be plenty of room to generate cash flow and subsidize your new primary mortgage. 

But then they look back and wish they would have kept it because it would still be generating income for them.

As a reminder, our rules require all content to be human generated, based on your own knowledge or experience.I'm shutting 'er down.

For example, you can get a 3 bed/2 bath SFH in a decent neighborhood for about 270-300k that can generate a rent of about 2000-2300/m.ThanksMohammad Parwez336-999-9086https://mohammadrealtor.com  People really invest 300k to make less then 6% net?

The DSCR is a financial metric that measures a property's ability to generate enough income to cover its debt obligations.

The Millpond Ct property sold for $785,000 on 11/15/2024, generating a remarkable return on investment.

To fund additional investments, consider side income, creative financing or creating a timeline with your co-owner for converting property B into a rental to generate cash flow.

. - Even if it takes me 6 months to find a tenant at $25/sqft + NNNs, I would still generate more NOI in year 1 than on a multifamily property with similar square footage.

Short-term rentals are booming right now and offer a great way to generate income quickly.The key is to take that first step, do your research, and believe in your ability to make it work.