They also benefit from strong schools, which can be a huge draw for long-term tenants.While you may not achieve high cash flow immediately in these areas, the property values and rents tend to appreciate steadily over time, aligning well with your goals.

I am from Buffalo, NY and will be moving to Charleston shortly. 

A refinance into an LLC avoids this risk but typically requires a commercial loan with higher rates and stricter terms.If asset protection is the main goal, umbrella insurance may suffice without disrupting financing.

So I have recently come into the fork in the road where I am trying to dial in my career to align with my personal and professional goals for the future.

I want to purchase my second property within 4-6 months of moving into my multifamily house hack, but looking for a guidance on the strategy to do so.

I’ve put together 7 steps to help you decide, stay focused, and get that much closer to achieving your financial goals.

Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.

My long term goal is to have multiple rental properties.My questions are: What would be the ideal steps to take with this house?

For context, I'm in a state with land trust statutes and my only goal is to keep my name out of any public records regarding this property. - If I pay property taxes online (let's say with a credit card), will my name show up as the payor or will the trust/trustee's?

For more context, my REI goals are almost exclusively for long-term wealth/retirement (in my 30s).