The common advice is you have to hold on to it for at least a year to to qualify to play it safe though it's not stated in the law.

Cheers

Any long term leases in play?

Playing with a multi-million dollar wholesale deal as an unlicensed, inexperienced wholesaler is asking for trouble.

They are typically given a 1-2% ownership for doing this and this can be the only role they play.

Played baseball there.My wife actually rented with a girlfriend of hers in a multi-family in Greenwich just off the highway down the road from Bar Taco, if you're familiar with that part.

If I play my cards right I will be Anel to do a cash out refi, still cash flow decently and take all my equity out to do it again.

I love the play on words...

@Robert Kornmeyer yeah the Salem / Ipswich area would be a good market for a Short Term Rental play.

Long story short I’ve had really great success the last couple years and all of my equity partners don’t have any money left I have a great deal under contract that’s a home run winter rental/Summer STR in Newport RI set To close 11/19 and am struggling to find an equity partnerI have 15 doors, a great track record just in a liquidity crunch LOCs are out of play due to recent refi and banks rulesI have a term sheet for 100% financing @ 10/2 but am worried about being over leveraged to refi and wouldn’t want to exit as it doesn’t align with long term goals although it would build my capital stack by about 125kAny and all suggestions would be great!