Purchase price: $499,000 Cash invested: $60,000 Primary residence converted to furnished medium term rental.

Our primary home in central CT is worth $520k, we owe $200k on the mortgage.

It is extremely important that you understand where you are looking and what the recent comps are.Send me a pm any time you want to bounce ideas off a fellow Philly investor.

The margin is what actually protects you.Right now I'm mostly sitting on the sidelines for primary rentals because the math doesn't work in most markets.

Convert the property from an investment property to our primary residence.Questions and Potential PitfallsThis is where I could really use your help.

I’m also the first person in my circle pursuing real estate investing, so I don’t currently have a local mentor or experienced investor to bounce ideas off of.

Hi BP CommunityI'm getting close to closing on this deal. my Original plan was to get a construction loan and build a SFR or a duplex, ADU,. than my agent bounces an idea. instead of getting a construction loan. this will be after CUP due to its a C2 zoned lot approval though.

We shared officers back during the last crash and it was really nice to bounce title concerns off of their leadership. it did help with closings a bit, but it did not help with accessing notes.

Someone to bounce questions off of.

If you sell before the the 3 year (1095 day) mark - you will still qualify for up to $250k/500k of gain exclusion under the 121 primary home exclusion.