Supermarkets and movie theaters have already announced plans to open up new business in the area in months to come.

The events are announced on https://www.meetup.com/Bronx-Real-Estate-Investor-...

I'm very excited to announce that I am in the process of purchasing my first two single-family homes to begin my real estate career.

With a stronger economy and more job growth it announced an interest hike for the first time in months.

"It can't happen here: The vacancy rates are low, rents are climbing, folks can't get mortgages, new employers just announced x000 new jobs."

I think Lisa Murkowski just got sworn and has the capability to get a lot of Federal dollars back into the state and multiple native corps have announced that they plan to start spending money this year as apposed to last year where they were not doing so much of that. 99% of the owner occupied investors I worked with last year and this year are pushing hard to get into a property because there is a constant battle against the rising interest rate that is a write off and other people technically are paying (tenants) but is really affecting your cash flow.

And they must announce ahead of time that they plan to do it, post a bond, and they have one year to do so.

I am pleased to announce that after about 9 months of paralysis by analysis, I SENT OUT MY FIRST MAILERS YESTERDAY!!!

Property Value $200K, Current Conventional Loan $83KWith a 75% LTV I should be able to take out $67K to repeat.Recent Update to the Fannie Rules:  eligibility restrictions for DU loan casefiles and manually underwritten loans related to LTV, CLTV, and HCLTV and cash-out refinances have been removed, and are now aligned with standard eligibility.https://www.fanniemae.com/content/announcement/sel1603.pdf

Assuming that the deal is increasing in value, either through higher rents, lower expenses or a catalytic event (like the announcement of a major development or infrastructure project nearby) you can probably refinance the asset a few years down the road and pull at least some invested equity out of the project.