If you live in your Home for 2 out of the last 5 years, when you Sell it is Tax-free up to $250,000 per owner.

We've seen a large influx of OOS investors over the last few years due to the low price points and ability to actually cashflow, while still seeing appreciation over the long haul (I don't think many primary markets check all three of those boxes with the current state of the economy).

Hello guysReno got costly on this last BRRRR deal.

For my last project I utilized contractor Ken Kinslow (213) 309-7635 and senior loan officer (619) 665-2343 Eric Otfinoski.

My clients had a home under contract in a HOA last year and they wanted to have the medium term rental strategy as a backup for the home.

Needs complete rehab ceiling is showing mold in living room and room kitchen cabinets has to be more updated flooring needs redone painting outside and in bathroom needs to be updated the property value is estimated 401k highest 437,090 rent in area I seen 2600 lowest highest being 2750 a contractor roughly estimated told me I’m looking at 134kIf it makes sense ofc I would love to hold and LTR  the sqft is 1214 I see same houses sold ending of last year for high as 450 that was smaller 1,140 sf 

Didn’t pay his last two months of mortgage payments.

I have been an agent at Keller Williams for the last 3 years and have done a bit of wholesaling on the side. 

And since you just spent 100k rehabbing those 9 homes your at $254k purchase with YOU taking all the risk, effort and energy... plus the loss of income while you rehab and resell those 9 trailers which is going to take time. 

If you put anyone in a long-term lease, they should be adequately screened, all funds paid, the lease signed, and every other requirement met 100% before you hand them keys.People who pay cash and want to move in immediately are often the worst renters, usually desperate because they were just kicked out of their last place.