Vanessa
👤 SpeakerAppearances Over Time
Podcast Appearances
I am going to have to pay capital gains because I already own the land that I'm going to build an Airbnb off of, and obviously you have to pay capital gains if I pay my house off. So I'm just wondering, is selling my rentals to pay off my house and build another residual income a bad idea or not?
I do, but something about, because people are saying the interest rate that I own, I owe $238,000 on my home, and I'm at an interest rate of $2.99. I owe $166,000 on my rentals at an interest rate of about $4.25. So they're saying, you know, lumber's got to go up. How do you know you can build an Airbnb on the back?
I do, but something about, because people are saying the interest rate that I own, I owe $238,000 on my home, and I'm at an interest rate of $2.99. I owe $166,000 on my rentals at an interest rate of about $4.25. So they're saying, you know, lumber's got to go up. How do you know you can build an Airbnb on the back?
I do, but something about, because people are saying the interest rate that I own, I owe $238,000 on my home, and I'm at an interest rate of $2.99. I owe $166,000 on my rentals at an interest rate of about $4.25. So they're saying, you know, lumber's got to go up. How do you know you can build an Airbnb on the back?
Well, I don't feel like I know a lot. All right.
Well, I don't feel like I know a lot. All right.
Well, I don't feel like I know a lot. All right.
Well, so that's another problem because we... To find a comp in our area with two houses on one piece of land is very difficult. So when we do the numbers in our head, like to pay the mortgage off, to pay capital gains, I think I need at least Minimum, I need to walk away, me and my husband personally, with $500,000.
Well, so that's another problem because we... To find a comp in our area with two houses on one piece of land is very difficult. So when we do the numbers in our head, like to pay the mortgage off, to pay capital gains, I think I need at least Minimum, I need to walk away, me and my husband personally, with $500,000.
Well, so that's another problem because we... To find a comp in our area with two houses on one piece of land is very difficult. So when we do the numbers in our head, like to pay the mortgage off, to pay capital gains, I think I need at least Minimum, I need to walk away, me and my husband personally, with $500,000.
My husband believes being very generous, about $200,000.
My husband believes being very generous, about $200,000.
My husband believes being very generous, about $200,000.
Together, they're 166. Okay.