@Amber StoutIf they do not reduce the money supply they may need to increase rates vs decrease them as we are heading in this quarter where last year MoM inflation was very low so by end of June/July inflation being closer to 4 could be a possibility….

Coming to you from the picturesque landscapes of Grass Valley, CA, just a stone's throw away from the vibrant heart of Sacramento.As a fresh face in the realm of real estate, I'm buzzing with excitement to soak up every ounce of knowledge and opportunity this field has to offer.

My philosophy is very simple: never sell a property unless you can (a) put the money into something that provides a better return or (b) it moves you closer to your goal.3.

Closer to the gulf then to Mobile and the Eastern Shore towns.

Being closer to the property will let you respond quicker in emergencies, tenant requests etc. 

If that's a typo and the reno is actually $40K, which is closer to what it should be, the numbers are killer: ($1400 x 12)/$40,000 = 42%!

She mentioned buying a place closer to where she lives now and using the money as a 40% down payment-so it would be more expensive and she would have a mortgage.

I wanted to raise some capital to purchase another property closer to my area.

Houses way out in the burbs or in the sticks won’t rent as well or appreciate as fast as those closer to more high-paying jobs. 

If you want to enter that STR market you will need a lot of amenities and theme to keep up so furnishing costs could run 100k with modifications to support getting closer to the top in a tough market if it's not one that someone else was running.In terms of the cash, it gives you leverage on the buy, but I don't think you will like what you see on rates with a DSCR for STR if you only have 3-6 months of activity.