The best decision we ever made was to sell and 1031 into several properties in Florida.

It helps accurately estimate the costs of purchasing, renovating, and selling a property, ensuring a clear understanding of potential returns.

The poster who is third from direct to the principal who has a tape of loans to sell and wants 3 points on top for himself

After renovating, you can sell them for a profit.

I'd like to connect to fellow investors, especially those looking to sell any SFR & small multi units.  

This could limit your ability to refinance in the future to lower your payments.Rental Viability: Renting out a very new home (built in 2019) may not be ideal due to potential wear and tear concerns and the fact that it's less likely to need significant repairs or updates that tenants often expect.Local Market Considerations: Chicago's property market is known for high property taxes and historically slower appreciation compared to other markets.Financial Necessity: If you don't have a strong financial or personal reason to move, such as proximity to work, family, or lifestyle changes, it may not justify the hassle and costs of buying a new primary home.I am a loan officer so feel free to reach out to me directly if you have any other questions or would just like to discuss!

You can also arrange to get the materials yourself and shop around for better pricing, which can help keep costs down.

They will cost $100k to get going and having to have an audit done to comply with sec requirements let me tell you is a blast (insert sarcasm).

(If you sell and don't 1031 the property, then you'd have capital gains taxes too if held for over a year, personal income taxes if under a year.)Property taxes should be looked at as an operating expense.

Why would you ever sell?