I've been studying different real estate strategies and would love to understand more about how the permitting process is evolving in that area.Did the realtor mention any specific changes in local ordinances, or was it more of a general observation based on market trends?

To overcome these, investors should focus on smaller properties, value-add opportunities, expand into secondary markets, leverage creative financing, partner for scale, monitor development trends, network aggressively, and use market data tools for tailored advice.

It was always a speculative investment, investing on sentiment and a trend.

Germain Act could work if you qualify, but if you can’t refinance right away, you’ll need to consider future plans.For whether to sell or keep the properties, selling gives you liquidity and eliminates mortgage obligations, but you miss out on future appreciation.

I’d love to hear any insights or suggestions on the best way to structure this move while keeping my options open for future deals.Thanks in advance for your advice!

Furthermore, if this is not a property where meaningful appreciation is expected in the near future I would recommend selling.

The most effective approach is to analyze other short-term rentals in the area, reviewing their nightly rates and occupancy trends throughout the year.

Quote from @Xavier Soares: Hello Everyone,My name is Xavier, and I am currently working toward obtaining my Real Estate license with the goal of becoming an investor in the future.

I was playing with the idea of selling my condo, taking 300k of the equity to put a down payment towards a house listed at 660k.I'm assuming the reno will run $300/sqft and going in with the assumption that phase 1 will run 750k (figure the expansion of the house will have to wait) for the gut reno.I assume/hope (but definitely not banking on) that I will be able to refi in 2-3 years at a lower interest rate; if not for a lower rate.This will likely be a family home for the next 5-10 years at LEAST so investment value isn't quite at top of mind ATM.Questions:Even if it's not for lower interest rate, do you feel it's advisable to refi to remove the 203 loan in the future?

Scalability & Longevity – Trends fade.