Way too expensive here and not ready to pull the trigger on first property yet.

But if bookings are slow, this is one of the few triggers you can pull that will help immediately.

Or, borrow equity out of those and put that money towards the multifamily property.You have so many good problems to have, just comes down to you pulling the trigger on which one works best for you and your goals.

You could have a penalty of anywhere from 0-5 years that would be triggered if you sold or refinanced the property.

Not sure if you used hard money or some other type of loan, but I’d make sure you don’t have a prepayment penalty that would get triggered on a refi.Hope that helps!

The important part to point out on that one, is that from a quick glance the neighborhood looked better than soooo many others, and in many ways, looks better than the ones I ended up pulling the trigger on.

I almost pulled the trigger on a property in EPA for full rehab plus ADU in June but instability in timelines/costs made it a little unwieldy for my liking. 

However, using STR in an attempt to qualify for crossing real estate investment expenses and depreciation over to your W2 income triggers audits.

Hey Chien, keep learning and building capital, then pull the trigger when you feel ready.

But 2008 was a recession directly triggered by the housing market, of course values will go down.