These areas have more affordable properties compared to Boston and are showing signs of growth, especially with infrastructure and job opportunities increasing.

The shorter the prepayment term has an impact on increasing the rate.4.

Mortgage rates tend to fall as the supply of funds in the mortgage market increases, making homeownership more affordable.

@Jake Faris Contributions for development and remodeling will be capitalized, increasing the property’s basis and reducing taxable gains upon sale, These costs are not immediately deductible.

So long as you can keep it occupied and drive up your base rent over time, your property will appreciate and you will maintain (and increase) your equity. 

Any tips on increasing income and lowering expenses?

You are already succeeding by living for free, which will increase what you can save for the next investment.1-2 years later, buy another one and turn the first property into a pure rental.

The Birmingham market has been showing steady growth, with increasing demand for both single-family homes and multi-family properties.

By effectively utilizing space, we can often increase the number of units or functional areas within a property without expanding its footprint.

We chose this area and home because of the redevelopment in the area, increasing values, proximity to major venues like Lucas Oil and Gainbridge Fieldhouse.