There are pros and cons to each, and market cycles effect each differently, as does the metro you are in.

If I buy the parcel from him, how does that effect his loan?

@Matt Owens - I've used the HELOC route to expand my portfolio and it has been extremely effective.

Additionally, controlling a larger asset through effective leverage can amplify your returns and build greater long-term wealth.By trading up, the extra basis form 1031 will also help you save on taxes.

I can't say for sure if the BP calculator offers such a calculation as your tax situation impacts how the depreciation will effect your return.By bonus depreciation I'm assuming you're referring to doing a cost segregation, if this is the case you'll definitely want to review your tax return to determine if you can even take advantage of a cost segregation.

Hey Alex - typically they are riskier since there is a lot more dependency on the investor's ability to effectively operate the rental.

Make your value add plays effecient and effective.

I'm considering renovating part of the basement to add another unit, effectively converting it to a 5 unit building.

We're here to create a product that streamlines lead generation and provides users with a simple, effective solution—and we’ve done just that.

I am already starting to see more activity in the market as the interest rates drop, across my listings and also more of my buyers becoming more active, I am sure this will be a domino effect and eventually cause sales volume to increase across the market as a whole both locally and nationally, DOM to decrease, and create a temporary FOMO in the market if rates drop to quickly.