You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1  Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.

Fellow attorneys rate him 1.5 or 2.5 out of 5.  

The rates are great, but you definitely have to work with someone that knows what they are doing...

Was fortunate enough to lease for higher than expected rental rates.

When you sell a property that has been depreciated, the IRS requires you to "recapture" the depreciation deductions, taxing that portion of the gain at ordinary income tax rates.

I think most investors want to win on more than just the interest rate.

Some random person interrupted my zoom lesson to school me and her on how to use it.

ConsiderationsCrime Rates: Some parts of Albuquerque have historically struggled with higher crime rates.

New inventory and relisting rates have actually declined month over month which is allowing to pricing to remain elevated.

.- in this higher rate market, i find BRRRRs to be challenging because after a high LTV refinance the units have negative cash flow.