Trading up to a larger propertyRetiringBurnt out landlordStrategy is to reposition apartment buildings and sell at a gain. depreciation has run outneed for money for other projectsneed money to resolve other problems- Ned

Perhaps, we look in to utilizing the equity to acquire additional property? 

Hello everyone,
I'm navigating the challenging waters of finding cash-flowing properties in my market and came across a deal that's got me pondering. This property shows a negative cash flow and cash-on-cash ROI from...

A fix and flip means paying taxes on capital gains upon sale, where a renovate and rent means deferring those taxes. 

Additionally most markets saw and the increase in new builds increasing inventory over 10% a year. 

In addition, we had to pay all the closing costs, which rounded up to $4,000.

My question is should I sell and take the equity and buy potentially 2 or 3 additional townhomes?

Yes, failure to observe corporate formalities can lead to piercing the corporate veil, but if it was only obeying you, then you can be sued in your own right, in addition to the corporate entity.Then there’s the question of umbrella insurance.

Additionally, many lenders have limited legal usage conditions for properties to qualify as second homes (particularly in coastal areas.)

Some of the problems are that the wire can become brittle, the insulation wears off over time, the porcelain insulators may be broken, it is ungrounded and all the splices and additions to the circuitry is more of a load than these old systems were ever supposed to carry.