Investment

Purchase for rental income:

This can be in a residential neighborhood or a vacation property. What may be an income producer for you now can convert to a permanent residence for you in the future.
Purchase for resale (flipping):

This is speculative and may not be a judicious use for the equity of your primary residence. You are gambling that the market appreciation will have outpaced your cost plus expenses when you sell . However, as with most high risk investments, rewards can be great in a short period of time.

Purchase Local Move to an active adult community Downsize to a Condo or a Townhome	Scenario I - Second/Vaction Home You can use your equity from your current home or perhaps tap your retirement plans to make a substantial down payment on a purchase of your new residence. If you need help, we can estimate the new monthly payments and the subsequent tax reductions based on your investment.	Scenario II- Non Owner Occupied Purchase for rental income: This can be in a residential neighborhood or a vacation property. What may be an income producer for you now can convert to a permanent residence for you in the future. Purchase for resale (flipping): This is speculative and may not be a judicious use for the equity of your primary residence. You are gambling that the market appreciation will have outpaced your cost plus expenses when you sell . However, as with most high risk investments, rewards can be great in a short period of time.

Purchase Out of State Interim Move Final Destination	Decide if your purchase is your intended last home or not. You must really be cognizant of "Aging in Place" features of your home if it is planned to be your abode into your twilight years. Our team is only licensed in Virginia, but we have a national network of SRES^® professionals that we can refer you to for help with your purchase throughout the USA.	Consideration of the managing your property long distance is most likely necessary. If you don't have a trusted friend or relative to manage your rental, most Real Estate firms have a property management branch that can help. The use of a tax deferred exchange might be beneficial. If you are unfamiliar with the rules of the exchange we can overview them for you, or refer you to our accountant.