So if you went and sold that new 200k property for 150k, your gain would only be the 50k.

so how is the event going.. other than being in Mexico on vacation are you enjoying the content and networking ?

Long terms rentals will have repairs from time to time, but if it is a true emergency, you are going to be calling someone (eg plumber) to come in and fix something, so that is no different than your own home (minus the clean up). 

hey BP family,I’ve run into a bit of a roadblock, I’m direct to agent and I’ve wondering how to get around the new NAR settlement, as soon as I hop on a call with the agent, they ask if I’m represented and then hang up the phone no matter if I say yes or no.

There may also be local zoning or regulatory hurdles, so it’s important to ensure that dividing the property won’t create any compliance issues.

I look for a return of at least double that, so 162k * 2 = 324k.

As I call for quotes some of these agents are acting like I'm delusional at those square foot values. 

@Terrance TeagueThank you so much, Terrance!

But it’s going to be a while for mortgage rates to come down (as I’ve written about), so for now let’s put that on the back burner and talk about something poignant.

My experience with Oxford House has been very good so far.