In the cities the government got involved in housing and low income housing was built for poor people.

All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.

I would also only do this if both properties have solid appreciation potential.If it was me, I’d consider trying to get a HELOC on the first property and use the funds for a flip or a BRRRR so I could pay back the line of credit within 6 months and then go do it again.

Due to past poor management of the environmental infrastructure, the river has become illegal to swim in in certain parts, and after rain falls the entire river is off limits to swim or fish in due to the heavy amounts of pollution ending up there that the city has not had the infrastructure to deal with in the past.But this all began to change in 2017, when the Virginia General Assembly passed the largest infrastructure project in Alexandria's history to make the Potomac River swimmable, and fishable by the year 2040, and they have made significant progress recently with the completion of the 2 mile long, 100-foot deep Waterfront Tunnel named Hazel.Named after environmental activist Hazel Johnson, the Hazel Waterfront Tunnel will prevent millions of gallons of combined sewage from polluting the region's waterways.

I have also purchased resid. and comm. properties where the landlording/property management was really poor. 

So thepointsguy calculator would suggest that you still use the credit card at 2.5%.  

Focus on keeping upfront costs down and shop around for lower interest rates or lender credits.

The problem in analyzing is we have no idea what Thomas' personal FICO/credit history, assets, vesting type etc.. 

We offer it at TFSB but it does require the basics like qualified credit score, DTI ratios - Must have W2 or (2 years of 1099 income) to qualify.

Hey Tyler, depending on your credit, the max LTV for the cash out will be 75-80%.