I’m brand new to this, but if it seems that it will hold its value for the foreseeable future (market-dependent) I say BRRR and hold.

Personal use also includes time spent at your place by another party under a reciprocal sharing arrangement (“I use your place in exchange for you using my place”) whether the other party pays market rent or not.Days devoted principally to repairs and maintenance are considered days of vacancy and are disregarded, even if family members are present while you work away.The tax drillVacation homes in this category are treated as personal residences for federal income tax purposes.

(Not a brand new home.

Refinance just means getting a brand new 30 year mortgage on the property for its current value. 

I'll get the brand name to you when I can.

Complete renovation project including brand new pool and spa What was the outcome?

I do however want some outside opinions on what I’ve put together from my reading.   145k initial loan on my house  130k  current loan  10k judgement (divorce issues)   5k car loan (currently contesting this as it’s my x wife’s)  240k current market estimation        (No rehab)  280k+ After repair value         (Possibly a good deal more)5 true bedrooms 2 full bath 1680sqft, comps to only 6ish properties in the area which are valued in the 500K+ range but all have either brand new construction or a large plot of land.

I am brand new to the real estate game but have been reading up on wholesalers and am interested in gaining the necessary tools in order to be the very best at what I do.

So if I am going to devote a few days of my life to originate, process and close this loan, it has to be worth my time.Best wishes on your RE adventures.

Hi All,I am brand new to the Real Estate scene but am excited to join such a thriving community on Bigger Pockets.