All Forum Posts by: Eddie Brady

@Samir Patel @Kevin Collins @Adam H. @Emily Smith @David Rowley @Jonathan Tavarez

If anyone is interested in just going informal with it, we could start a video chat on Google Meeting or Zoom. If you're interested, email me and I'll send out something to schedule the best date and time!

@Frank Godfrey That's great. Why types of investing do you typically get involved in?

@Marcos Cardenas Your friend would be required by the VA to live in the home as his primary residence for at least one year. VA loans cannot be used for investment properties. He could rent out part of the home to the family for that first year, but not the entire home. Then after the first year, he could move out and rent the home to family or tenants.

Great work! Can only imagine how awesome of a learning experience it was!

Build up that savings and go for the duplex as a house hack? Live in one side and rent the other. Could help you save money faster if your mortgage is paid by the other side. Just a thought.

Good luck! Maybe target the Airbnb investors since FL is hot right now for that.

Hey Joey,

Technically, you can sell your primary residence in less than one year but you'll get hit with short-term capital gains tax. That usually wipes out a significant portion of the profit, if not all of it. The reason investors are able to avoid this tax on investment properties is that they can use a 1031 like-kind exchange which defers the capital gains tax. 

This might not be the best strategy for you. 

Hi @Briana Gilbert. I think PG is WAY better than Baltimore for investing for a ton of reasons. PM me if you wanna chat.

Hey Steven. I'm also local and am around Fort Meade a lot. I worked there for 9 years. PM me if you want to link up!

@Steven Silbert Have you run the BP calculators on the property? I work frequently near Ft Meade (Severn, Hanover, Odenton, etc) and the homeowners I know there have opted to sell to take advantage of the prices and invest where there are better price-to-rent ratios. Unless you have a very low mortgage payment, it's hard to be in the green over the long term. The demand is especially high there due to military and civilians returning from PCS's and having nowhere to live. Hit me up if you want to run the numbers together.