You might lose the homestead exemption, face IRS scrutiny, and encounter issues with your mortgage lender or insurance provider.

I have some vision in my head (which may not be based in the real world and change over time) a scenario where I sell my current house and use the equity to put a down payment on a smaller home or even rent for a short time, using the remainder of the equity along with some savings and if needed, family investors, to purchase a value add quad that I can reposition and roll into a 20 or 30+ unit property in the course of 18-24 months.

With the new commission laws in place, some buyers going directly to the listing agent in lieu of having their own buyers agent because they’ve heard that they will need to pay their agent directly out of pocket and they just don’t have the extra funds, with high interest rates and home prices in todays market.

Despite my success with the property (we’re in the top 1% of homes on Airbnb), I’ve come to realize that it might be time to move on and sell.In January 2022, after some initial renovations, the house was appraised at $9M, with the land likely valued at $1.2M.

Purchase price: $289,000 Cash invested: $106,000 4 bed 1.5 bath, value adding to this property to a 4 bed 2 full ball and finishing the Attic and basement What made you interested in investing in this type of deal?

Current value of my primary is $1,200,000 and I owe $380,000 on the loan.

@Anne Christensen I am not finding them to cash flow unless you are finding a really heavy value add where you can be all in for 65% of ARV.

Won't market a specific one (Feel free to reach out privately), but those are easy to use, nontechnical, and provide okay + results.

Long term goal of creating passive income and building value with others whenever possible .

What is the value of a land trust if it is easy to get the information.