We are seeing a big uptick in second loans on the market, including those who own investment properties look to take equity out of an existing property by getting a second loan.

Have you talked with a lender on the plan to refi your existing home?

Thank you for your comment, yes I learned enough from BP not to take the existing tenant, knowing they pay rent lower than the market and currently not responsive at all.

@Brandon Ja - The standard answer here is to check with your CPA, but from my standpoint expenses that add longevity and functionality to an existing property (including adding square footage) would make that a capital expenditure that can be depreciated over time.

Hi all - I'm struggling with what the best type of analysis to use to come up with to compare investment options and wondering if anyone could help me focus on the right metrics.I am trying to make a decision on build on an existing piece of land that I have or to buy a completely different deal.Details:- Currently own/operate a triplex that cash flows very well.

Without that existing network, I’d find out-of-state management much more challenging, and I generally wouldn’t advise OOS management for new investors who don’t have reliable local contacts.Currently, I’m in the process of transitioning my properties to a local property manager.

How does the PL prove that a deed of trust ever existed?

Unfortunately, there is a good number of illegitimate PMs and contractors in the Cleveland area, BUT quality property management does exist here.

The reason I posted this question is to see if any specific areas could be improved by technology that can help you be better at your business. we don't live in an ideal world, and sometimes the existing tools, may be useful as we are used to using it, but they arent very optimal.The best way to look at it is to see if there are some problem areas that you think if addressed via technology will help you be more efficient and reduce your investment risks. 

If not, reread the second sentence in my original post: "Mike Zuber has an excellent story on how this is possible and probably an excellent way for the any new investor to develop their wealth"I'm unclear to why the issues with the ORAAT group exist.