Your brother-in-law’s 10% ownership won’t affect your ability to claim this exclusion on your portion.Unfortunately, the option to roll proceeds into another property (like a 1031 exchange) only applies to investment properties, not personal residences.You’re likely eligible for the exclusion, but I recommend confirming with a Tennessee tax professional for any specific state tax issues and to verify your status with overseas residency.Let me know if you need more guidance on this or related financing!

Until now, I had a great credit score, but I'm concerned that my increased debt might affect my ability to obtain a HELOC or a Home Equity Loan.A lender approached me, claiming they could help me secure a HELOC, but the encounter felt coincidental, making me feel vulnerable.

I started doing a little research and saw that Doorloop was a highly rated app, and has a ton of features like tenants ability to submit work orders for issues, collect rent with late payments automatically figured in upon payment, talk back and forth with your tenants, send out messages/notices to one or all tenants at once, sync with quickbooks, etc.

However, the Renters' Rights and Stabilization Act of 2024 now caps security deposits in Maryland at one month's rent in most cases, limiting landlords' ability to require higher deposits for higher-risk tenants​.

Luckily I have the ability to absorb the negative cash flow from my W2 income, and I'm convinced that the area will appreciate in the medium term.Thanks all for your advice, this has been an enlightening thread for me!

If she violates your notice and refuses to leave, I believe she will lose her voucher and her ability to afford another rental.

Hi Lilly,Having an LLC has some advantages compared to flipping including the ability to deduct business expenses like mileage and meals, which can lead to significant tax savings.

Thank you,Nirav Since you already pulled the trigger...and are a limited partner...this means you have the benefits of that (i.e. no liability beyond your investment) in exchange for generally having no ability to vote or have a say in how the investment is managed. 

I love the ability to categorize all my spending and split transactions into different categories. 

Many investors also appreciate the ability to use leverage in real estate deals.Real estate can be a strong strategy for preserving capital because of its tax advantages and growth potential.