Welcome to the forums.

Hello, I am going to go look at a Mobile home trailer this morning in St.

Curious to hear how others in the DFW area are handling this too!

Probably still more wise to keep your cash out refi to 75% or 80% (on a primary) and do a 2nd mortgage for the last 10%.

It’s nice to meet you all, and I’m excited to connect with more people who share similar interests!

I recently learned that if you owner occupy a residence for part of the 5 previous years before sale, and you rent it for the remaining time, you can calculate the percentage of time the property was owner-occupied (and thus qualifies for the sec. 121 primary sales tax exemption of up to $250k for single filers) vs the time it was being rented (which qualifies for 1031 exchange) and claim both benefits. https://hcsequity.com/blog/combining-1031-exchange-with-121-....How does this work for a multi-family?

Until recently I wasn’t motivated to make more money or grow my wealth.

Am I required to hire an attorney to write up the contract and assist with the closing?

Will it reduce my cost of living when compared to renting?

I’ve been able to calculate all my monthly operating expenses, lowest possible rent, and upgrades.