Property tax rates are low as well.In Alabama, property taxes hover between 0.3% and 0.4% of the home’s value per year.

The banks have levels set in place for reduction of 10 percent only every 30-60 days, and sometimes not at all when the volume is higher.This is because an REO has already likely been through an attempted short sale on the market, a courthouse steps auction where the upset value was too high, and now it is the last gasp, but banks don't care.

That’s $30,000 over the five-year hold.Just for kicks, notice the same value invested in a “high” interest savings account (earning 1%) over five years would earn a measly $5,000.That’s a difference of $25,000 over the span of 5 years!

So I am not the smartest person and some of the helpful replies in previous posts was above my mental capacity.My situationI own a home (homesteaded in FL) and have 2 roommates which help pay the bills.numbers - mortgage left 155k, home value 330k, current interest rate 4.125% on conventional with 24 yrs left on a 30 yrmonthly payment with HOA $1600 pcmI am wanting to either1) turn this primary residence into an LLC and purchase another property to move into and start the process again with the aim being to rent my current house out on an annual 12 month lease for at least 2 - 3 years as I was told that as long as I lived in it 2 out of 5 years I can then sell without paying capital gains (though this confused me and anyone wanting to teach this to me like im 5 years old would be greatly appreciated).

One of the homes is move in ready, with very little potential for value add due to the awkward layout and limiting lot size

I believe businesses should solve problems and add value to their customers rather than trying to sell them something they don't want or need.

I prefer to be able to offer some value to her or others willing to help first and come from a place of giving...but as a newb I am finding that's not the position I am in just yet.

So, I get it, why many here don't see the value, it is probably based on personal experience.

THAN Price for VALUE.

It's still just a house and needs to be valued as such.