This is a working theory that we will continue to monitor.

Hey Lisa,We work together.

Jan 2023: Slab poured and inspection passed.Next step - concrete blocks to be delivered and work to start going vertical.

Do you know where they currently work?

It seems like there's a lot of opportunity right now in that SEPA and South Jersey area (I'm on Long Island but have worked with folks who operate down there), and you're setting yourself up with smart partners, so you're ahead of the pack here already.I do have a good relationship with a strong commercial brokerage firm in that area, let me know if that would be a useful connection for you.

I've been fortunate enough to work with a few different property managers, but mostly people my family chose to work with.

@Devon Shives,Your situation has a lot of potential, but here’s a thought: A cash-out refi could work if you’re confident you can use the $30-35k effectively for your next property, but the higher rate and payment might indeed limit your borrowing power for another mortgage.Consider these alternatives:1.

I work with some builders and they have 2-4 units with rates in the 4-5% range.

If so they may have a real estate license or they may work with an agent that relies on repeat business rather than a one-off purchase. 

I purchased a property that needed a lot more work then intended.