Currently, we have seven renovations going on with three partners. The partners take care of the rehab part. Whenever they purchase or make payments to labor, they input it into a Google Sheet. Our EA then matches tho...

@Kyle PetersLeveraging equity in your first property can help grow your investments by evaluating appraisals, exploring financing options, and consulting professionals.

My passion lies in real estate investing, and I'm currently exploring the best strategy to kickstart my journey.

Exploring alternative revenue streams, such as short-term rentals or mixed-use developments, can increase cash flow and diversify income sources.

@Calum ShallenbergerRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Residing in high-tax New Jersey and working remotely, we’re exploring strategies to reduce our overall tax burden.While I’m intrigued by the short-term rental strategy, my preference leans towards LTR due to familiarity.

Explore Loan Modification: Request a rate reduction or modification from your current lender based on improved property performance.3.

It might be worth exploring options for someone else to manage the rehab and for them to just manage the property once it is ready to be rented.Stay on top of things and don't let it get out of control.

Simple answer: If your current mortgage rate is favorable, a HELOC can provide flexible access to funds as needed for the renovation.Although, there are some different ways to get creative with your situation which I am happy to explore with you, as I am a loan officer.

@Federico SarcinaRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.