Rising Labor Cost, increased government spending, and prolonged housing shortages are the main pressure points.Inflation is picking up and looks to increase over the next 18 monthsa mortgage rate jump from 4 to 4.5% a...

Rising labor costs, increased government spending, and prolonged housing shortages are the main pressure pointsinflation is picking up and looking to increase over the next 18 monthsA half percent mortgage is increase...

Basically this just adds additional cost in the form of transfer tax.

On a 1099-R, Box 1 for "Gross distribution" is basically "income" on Line 15a of the 1040, right?

If you sell for $325k and then buy a replacement prop for just $200k (as you mention), you've basically taken that other $125k and paid off your loan, leaving you debt-free.

The Milwaukee economy is gaining momentum and it's very visible when you drive around.

Basically, my plan is to pay cash and do a cash out refi after three months of ownership for 100% of the money i put into the property resulting in 100% financing and only a few dollars out of pocket.I have never done a 30 year mortgage before, all current mortgages are 10-20 year.

@Sherwin Gonzales I contacted a local lender that gave me a 70% LTV so basically requires a 30% down payment at a 5.6% 30 year fixed.

Closed the deal on a fair price to me given the investment into the property basically with a little bit of work these properties would have an ARV of those same compatible homes.

Closed the deal on a fair price to me given the investment into the property basically with a little bit of work these properties would have an ARV of those same compatible homes.