We're looking to renovate something before the end of the year to accomplish 2 things: 1) Improve home value so we can get appraisal, refinance and leverage that to buy a new property. 2) Take advantage of the tax credits that are out there in 2024 before the new year or is it better to wait until 2025 and just hold onto the cash I have at hand.Here is a list of renovations that will need to be done eventually:*Brand new basement kitchen (cabinets + add seating area - we already have brand new dishwasher, fridge, gas oven)*New standing shower in the basement bathroom*New Siding*AC/Furnace for unit 1 are close to end of life but still functioning*New Fence/landscaping*New Windows for the basement*New Garage (unstable, concrete shifting, very old)*Solar Panels on the roof (There is a $0 down payment lease option w/ sunrun, but I'm hesitant to move forward)*Renovate master bedroom closet for tenants (it is old & has built in entertainment center that is very dated)*Repair Catch basin*Adding better drainage system for back door.Greatly appreciate any help, insight or advice!

Would it make sense to invest in improving my home, then refinance with a bank to extract the created equity, and then use that money to purchase a rental property?

So I am familiar with soflo.One strategy I am trying to implement is The 4-3-2-1 Strategy:Start with a 4-unit property: Live in one unit, rent out the others to cover your mortgage and expenses.Repeat with 3-unit, 2-unit, and attain your dream home last (1 unit property)After 12 months of living in each property, consider a cash out refinance to use equity for improvements or further investments, if beneficial for you.Build a real estate portfolio of 10 rental units in a 3 year span while generating rental income.

I have been involved in many foundation repairs and we get the improved foundation up to as good or better than new.

In the past I just give them a 10% deduction in rent for one year until things can improve. 

I’m also a big enthusiast for health and wellness, always striving to improve myself and learn more.If anyone in the Houston market would like to connect or has any advice for someone just starting out, I’d love to hear from you!

She had the money, yet chose immediate gratification over improving her long-term financial stability.Always remember, THEY ARE TENANTS FOR A REASON!

You can also talk to the bank and ask them for advice for improving your credit score quickly.

You can read more books, network with contractors, improve your current properties (overdue repairs/capex), make connections with investors, and build a team for future deals.

- Many PMCs have processes designed to weed out non-serious prospects, but often these processes aren't adapted to the specific marketplace or changing markets.Since the PMC processes are NOT working, what are they doing to change it to improve results?