Use the opportunity to improve your lease.

If you have improvements on your property, we will look at them every year.

This allows you to diversify across different properties or projects with lower capital requirements compared to direct ownership.Flipping Properties:Use your equity as capital to purchase properties that need renovation or improvement.

To truly improve my comps & ARV so that my deal is precise with nothing be slightly off, any one of the three i listed would be of great assistance to me in completing my first wholesale.

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

Some of our owners still have very low rents but the average rent increase right now is $0 - $50.Improving the work order response time which is a factor of customer service.

I compare leverage, insurability, taking write offs, cash flow, monthly  expenses, transportability, speed of decline in a crash, ease of unloading in a crash, forced equity improvement, things like that.

These updates modernized the property, improved its curb appeal, and significantly increased its market value.

Hey Scott,To start discussing investment opportunities for purchasing the assisted living facility:Prepare a Business Plan: Outline your vision, financial projections, and strategy for improving the facility's performance.

Given your situation and concerns, here's a breakdown of considerations and advice:Pros of Renting Out Current Home and Buying a New Primary Home:Living Condition Upgrade: Moving to a larger, newer home with boutique features can improve your living space.Rental Market: West Town in Chicago generally has a strong rental market, which could provide good rental income from your current home.Portfolio Diversification: Adding another property to your real estate portfolio can enhance diversification and potentially increase long-term wealth through property appreciation and rental income.Cons and Concerns:Interest Rate: The current interest rate of 7% on a new mortgage is high, and there's uncertainty about future rate decreases.