If you live in the property for two years and want to sell, you won't pay capital gains tax, so that is just another thing to keep in mind. 6.

You can offset this with points.When the lenders provides you with an estimate of the loan along with all the charges pay specific attention to:Origination fee - This is whereLoan Points - Sometimes they force you to buy a point and they bring down your rate in returnapplication feeunderwritting feeBasically you want to compare how much you are paying in all of these and what interest rate they are giving you based on this costs.

However, I'm currently based in CA, and we pay a pretty penny of our post-tax money to vacation in Airbnbs over the summer so that's one (personal) benefit to purchasing one, and I would like to be able to visit the property relatively easily (ie. by driving there).

I have a friend that I just taught amortization to as he is trying to quickly pay off his mother's FHA loan to remove a co-signer, then cash out refi (yes, I explained interest rates right now).

You will certainly pay a premium for turnkey, but if your long-term goals are appreciation and stable yet modest growth, it is certainly advisable.

.- Maintaining Property Value: Renting to reliable tenants who pay on time and take care of the property helps maintain its value.

I assume since I have plenty of basis, I would pay no tax as I'm not overdrawing my basis.

Then once you close on the house take out a standard 30 year mortgage to pay off the hard money loan?

Do you like cash flow and paying less taxes or are you looking for the highest potential returns with a bit more risk?

While the market is stalling a little my wife and I are considering the "Shred Method" to pay off some of these properties faster.