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19 February 2024 | 15 replies
This option would require assembling a local team as I'm considering forgoing a property manager.D) Invest in a Better Maryland Area: The goal would be to find a property with higher appreciation potential, though I'm aware that the cash flow might not match what I'm currently achieving.Given the unique circumstances of my current investment—significant appreciation, a specific tenant base, and a low mortgage rate—I'm weighing these options carefully.
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20 February 2024 | 24 replies
.#3 At this point I would have a good lender or two in your pocket that have run different options for you based on what you qualify for loan wise.
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20 February 2024 | 7 replies
Make a decision based on the numbers.
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20 February 2024 | 11 replies
The ownership and use periods do not need to be consecutive.Exceptions to the Two-Year Rule:If you're selling due to a change in employment, health reasons, or other unforeseen circumstances, you may be eligible for a reduced exclusion.In cases of unforeseen circumstances, the IRS may prorate the exclusion based on the time you spent in the home.In your situation, if you sell the property before meeting the two-year ownership and use requirement, you may not qualify for the full exclusion.
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20 February 2024 | 15 replies
I personally view it as a liability protection issue and base the decision on my costs to have the LLC versus the equity contained within.
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20 February 2024 | 6 replies
Based on the post, I'm not sure if the units are identical.
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19 February 2024 | 22 replies
I would base the theme on what the house is near.
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20 February 2024 | 16 replies
In my experience “hard” money is used to describe an extreme section of what’s referred to as asset based lending.
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19 February 2024 | 18 replies
I set custom calendars based on the property.
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18 February 2024 | 31 replies
I'd assume the tenant base is mainly nurses and professionals.The other option is to do a 30-day minimum on Airbnb, who collects a 3% fee, but handles the rest.