@Brett Jurgens,With strong equity and a good tenant, you have a few options:Cash-Out Refinance: Offers lower, fixed rates for stable monthly payments and lets you keep the property while using equity to invest in another rental.HELOC: Provides flexible access to cash, though with typically higher, variable rates that can fluctuate over time.1031 Exchange: If you're open to selling, a 1031 exchange could defer taxes and allow you to trade up to a higher-value property or diversify into a different market.Each option has pros, so it really depends on whether you want to hold onto the current property or leverage its value for something new.

This would give you better financing options.

Property was sitting on market and needed light updates (roof, flooring, paint) but was in a great area that allows STRs giving me multiple options when deciding on rental strategy How did you find this deal and how did you negotiate it?

Hi everyone,I’ve been doing a lot of research and am ready to buy my first investment. Originally I was planning on buying a multi family in the area I live in, but after reviewing my lease, I’ve found that I really c...

I am open to any options that make sense.

Lending options will look different depending on your answer.

They do have a la carte coaching options, but the price is not listed.

Just make sure everything aligns with your overall vision and budget.For your second question, if you can't be in El Paso every week, you have a few options.

A REAL fixer needs so much work that it doesn't qualify for traditional financing options.

Impossible Note due to the worse financing options alone $250k on an ADU would equate to a lot more than $250k on a property.