My biggest client today is a seller I didn’t even represent during his sale of a 24-unit building—he had another agent.

This would also be where an appraisal would be ordered in a traditional sale, but if using a hard money Lender, they have probably already evaluated the value before offering you terms.5.

@JR Gonzalez, You can allocate the proceeds from your sale anyway you want. 

How would the situation differ with a home that’s never been a STR but would become one, or a home that’s for sale now that is a current STR.

Moreover, I would recommend prioritizing a W2 position over 1099 self-employment/sales for two reasons.

According to CoreLogic, in December of 2023, almost 30% of home sales were to investors!

Indeed the compounding effect of never having anything idling in your bank account can be powerful.

This is just bad banking practice and FTC should be aware of digital platforms like Baselane in many ways abusing their powers and washing their hands off. 

Quote from @Emily Gowen: I only recommend investors sell when they can move the money to a better-performing investment or when the sale moves them closer to a specific goal.

Purchase price: $75,000 Cash invested: $10,000 Sale price: $120,000 This is a 2 bedroom 1 bathroom single family detached house is South Georgia.