Has given unrealistic low comps.

And at the time I considered them low rates.

Hi Joe,Using a Home Equity Line of Credit (HELOC) on your primary residence can be a practical and low-cost way to fund flips, especially since the terms you mentioned include only a $200 yearly fee.

I know Virginia Beach is attractive but that average price for Alexandria strikes me as rather low.

Hey Lenny,Love to see that you also got the Real Estate bug so youngI recommend a BRRRR/house-hack for your first oneBuy a place that you can live in with a low downpayment, fix it up, and then you will have the option to 1) Refinance and live in it2) Refinance and rent it out3) Sell and do it over again4) Dont refinance and continue to live in it5) Dont refinance and rent it outYou will have a ton of flexibility and the safety of knowing you have a place to livePlease reach out via DM if you have any questions moving forward.

So the Janitor usually wins, defined as making more passive income than your expenses, because his expenses start off so low and stay low.Unfortunately, after you play it a while, you get to know what to look for, like when that one stock becomes available for, I forget, $3 or something ...

While the property hasn’t appreciated much since purchase, we’re considering keeping it as a rental due to the low rate.

Some of these renters are capitalizing on low interest rates and choosing to buy, but many are unable to buy due to lack of down payment or credit factors. 

In any case, I doubt many people on BP would want to buy properties in Switzerland given the very low returns that can be achieved there.

You also want to know if the Bank/Lender offers a less than 1.00 DSCR option in case the rent schedule comes in light.