I'm now based in Ohio, specifically Cleveland, where properties range from $100K to $300K.

Based on the numbers seems like it was a straight forward conventional loan...any challenges?

Annual fee $25.PenFed - max 3 other properties, 89% LTV Regions- yes HELOC but no LOC SCCU Florida 70% LTV, 6.25% interest only, not LLC Sound CU "non-owner occupied HELOC, capped at $150K and interest rates are prime + 2%, 3% or 4%, based on credit, not to exceed 70% ltv.”TD Bank TIAA Direct was EverBank Tower FCU, all states except TX, max 45 DTI, green card ok.

By reducing the principal balance, your lender recalculates your monthly payment based on the new, lower balance.How Does Mortgage Recasting Work?

This actually seems like a great scenario for a 1031 exchange based on what you've said.

Property taxes will likely be reassessed based on the transfer value, so confirm local rules to anticipate potential increases.If you hold the property for at least one year, you can use the equity as collateral for a construction loan, aligning with your long-term financing plans.

Plus I just hit “Mark as played.”

My name is Sonya Waites and if you have questions, I don’t mind answering them based on my own personal experience.

The cash flow that you need to achieve should be based off the rest of your portfolio and your financial situation as a whole.

Here’s my perspective based on personal experience.For some context, I’ve been investing in real estate since 2019, primarily in Detroit, while living in California.