Brian Adams
What to do with Old Tennis Courts
I recently bought a 550+ unit deal and we have 4 tennis courts that haven't been used in probably 10+ years.As you can see here the courts are significantly deteriorated. The cost to demo is HUGE since the location of...
Ryan Lam
Primary Residence: Hold or Sell?
Curious to get other perspectives on this topic. I’ve been throwing around the idea of buying another primary residence (upgrading), but the current mortgage rate makes it a little tougher of a decision. Background:Yo...
Jon D.
Relocation / selling vs investment?
Hello everyone! I'm new to this website and excited to learn from all of you!
We currently live in Houston, TX but we will be relocating to the Seattle/Bellevue area this summer for work. I own my primary residence i...
Daniel Bedell
Changing My Residency to STR...What Should I Know?
I am in the process of building a STR in the mountains outside of Denver. Between the time I bought the land and started the build the county changed the STR laws, making them much stricter and more expensive. Now the...
Michael Bracewell
Leverage vs. Paying Off Properties to Grow Your Portfolio
Good afternoon everyone, I am a new real estate investor in the Milledgeville, Ga area with one single family residence in my portfolio while also owning my separate primary residence. My rental property was initially...
Jarrod Willis
Borrowing against my primary residence, HELOC?
Background: current flipper and landlord with a partner, wanting to invest some solo. I have about $250k in equity on my personal residence. I would like to either 1) purchase a rental property myself or 2) Purchase l...
Account Closed
Trade off loan borrowing
An out of state friend wants to partner with me in a SFH which I hope to occupy as primary residence for house hacking purposes for certain amount of time. He expressed interest in having his name as the loan borrower...
Brandon Cao
IRA $10000 -- Downpay Investment Property then IRA First home Purchase
Hello Everyone,
I have heard a lot about using $10,000 of IRA money penalty-free on your first home purchase. I have an interesting question that hopefully one of you can answer. I am currently under an unbreakable...
Patricia Watson
Would buying a STM impact my ability to get a primary residence?
My husband and I are thinking of purchasing a STM. We currently own a primary residence, but we plan to sell it and buy a bigger home in a couple of years. I'm concerned that buying a STM would impact our credit and D...
Account Closed
Can you do a 1031 exchange of a personal residence (trick question)?
When you read section 1031 it is very clear that personal property is not included in this type of exchange. Homeowners that qualify though can take the section 121 exchange.
There are circumstances though that a 10...