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.

@Dave Vona Hey Dave, curious if you ever pulled the trigger on Omaha?

I will look into attending some meetups and will be sure to reach back out once I am closer to pulling the trigger on a property of interest. 

I would suggest shopping it and doing your due diligence before pulling the trigger.