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Additional Posts in The Real Estate Bowl
Best standing desk option ?
Wrong year Marty!!

Additional Posts (overall)
What’s your RE portfolio look like ?
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Mentor
I just keep 6 months worth of loan payments in reserve.
You do have to consider the scenario where the tenant refuses to pay and refuses to leave. It could take longer than you’d like to evict the tenant. Think moratorium.
You can also consider getting a line of credit to help with liquidity. It will help with edge cases such as above, but during economic downturn, it may not be reliable.
Thank you! Yeah my worst case scenario was sell since I’m in a good area/school district, but I’ll add LOC as a step in between
Mentor
If you owned the first house a long time, converting it to a rental could give away your 250k/owner tax deduction on the gain. If you have a big gain, you could do better to sell the first house, take the tax deduction on the gain and start over buying a new house to rent.
^was also wondering this