Still a great profit over 1.5 years.If you decide to rent to one family, you should prolly expect your rents to decrease which may potentially make this property not cash-flow.

New listings have been below 2020 levels since the four-week period ending August 22.Active listings (the number of homes listed for sale at any point during the period) fell 21% from 2020.46% of homes that went under contract had an accepted offer within the first two weeks on the market, above the 43% rate of a year earlier.33% of homes that went under contract had an accepted offer within one week of hitting the market, up from 31% during the same period a year earlier.Homes that sold were on the market for a median of 20 days, up from the all-time low of 15 days seen in late June and July, and down from 32 days a year earlier.49% of homes sold above list price, up from 34% a year earlier.On average, 4.9% of homes for sale each week had a price drop, up 0.8 percentage points from the same time in 2020, and the highest level since the four-week period ending October 13, 2019.The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, decreased to 101.2%.

I understand when you refi your mortgage payment increases, cash flow decreases but now you have the capital to go repeat this process Appreciate all the help!

I think I read many lenders require at least $25K-Has having a HELOC decreased your credit score?

My understanding is that, If my equity in the house decreases (by the value of the “pledged” brokerage account decreasing), the lien holder can request additional funds from me to true up my equity to 25%.

(Unless you have found a way to gain muscle by reading!

Do I have to list it as sold for its original purchase price or a reasonable current value (say $4000) and decrease the overall reported sale of the rest of the property accordingly?

You want to see a pretty consistent increase in population over the past couple decades with a pretty consistent decrease in crime (if you put them on a chart they would be inverse).

It depends on your tax bracket" may not be an appropriate answer here.For the most part draws and distributions are a return of capital/decrease tax basis and are not considered taxable income.

The reason why is because your return on equity (ROE) decreases with each passing month.