I’m seeking guidance on how best to approach this situation and would appreciate your thoughts on what you would do if you were in my shoes.Here are the details: My current home loan is $242,000, and the property is estimated to be worth approximately $420,000 (± $5,000).

Happy Holidays, and thank you for sharing such a detailed and engaging market update!

If it would help to get a more detailed estimate feel free to reach out.Documentation is rather limited, just ID, bank statement, LLC documents to start.Sometimes there are interest-only options at 30 and 40 years, generally the difference in payment fully amortized over I/O is minimal so it may not be worth it.

It depends on the LTV, type of loan, whether it is rate and term or cash out refi, and some other details, but that's not crazy.

During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.

Hi Everyone,I just wanted to take a moment to say thank you for sharing such thoughtful and detailed advice about scaling with the BRRRR strategy.

I need details. 

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

If any of the specific areas catch your interest and you’d like more details, these are only portions of the full reports I wrote on each submarket and I am happy to send the full report to you, feel free to send me a private messageAfter conducting thorough research on the economic and infrastructure developments in Alexandria, Virginia, I believe it holds strong potential as a long-term buy-and-hold real estate investment over the next 20 years.

You can find more information on the website at NoradaCapital.com or you can contact one of the Investment Counselors for more detailed information.Continued success, Marco SantarelliNorada Capital Management Norada Real Estate Investments(800) 611-3060NoradaCapital.comNoradaRealEstate.comSubscribe to our Podcast Your Premier Source for Turnkey Cash-Flow Investment PropertyWe are proud to be a two-time Inc. 5000 listed company.