Selling home / strategy ideas

[Michael Cox]

Hey all, I purchased a new primary residence recently. I maxed out a confirming loan amount. I have my old primary residence for sale. I lived there over 2-years so it will be tax free gain. I sold my 3 Vegas rentals over the last couple of years (just in time too!). I currently have one rental, with a bank loan.

When I sell my old primary residence my plan is to pay off the rental bank loan. I will have enough cash to buy another property (or almost).

I have a couple different strategies I’m working through. These are not all of them but if you were going to do one of these 4 strategies which would you do and why?

Pay 100% for 1 rental

Pay 50% for 2 rentals (getting loans for balance)

Pay 33% for 3 rentals (getting loans for balance)

Pay 25% for 4 rentals (getting loans for balance)