-------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

The more information that you have out there the easier it is for people to find you, if you want them to find you.I almost everyday wear my "Rick Buys Houses" shirts with my phone number on it. 

Hey Somesh,I was wondering if you ended up buying a property in Cleveland and if so, how it’s going.I’m also from Toronto and looking to invest in Cleveland.  

I would suggest you do both of what you suggest - meaning get either a new mortgage (more conservative route) or HELOC on the townhome and use those funds to buy your next investment property.

This works with any type of appreciating property such as real estate, stocks, etcDepending on the appreciation rate, you can potentially see asset values double every 7-14 years.Likely around 7 years if the appreciation rate is 8%Likely around 14 years if the appreciation rate is 4%If you buy something for $100,000 and it appreciates to $200,000, you can potentially take a loan on the $100,000 appreciation which would not be considered a taxable event.However, be mindful that you are paying interest on the loan and you have to payback the loan but yes, it would not add on to your taxable income.

when i buy dirt and do the horizontal these deals can take 2 to 3 years 2 years to get through approvals and horizontal  12 to 18 months to build and sell.. thats a 20 to 25 lot project.

Highly recommend you DM @Samuel Eddinger and buy him lunch to pick his brain!

If you want to manage your own properties, I would highly recommend buying within an hour of your primary.

It’s not a place where you can just buy anywhere and expect success.

The LLC sells the subject property and buys, for example, 3 replacement properties in a 1031 exchange.