Is it crazy to think I can better my cashflow situation if I reallocate the equity to a new deal?

Hi all,I currently use RentRedi and am trying to deal with the following situation:- I have a bunch of prequalifications and applications in my queue- I've accepted one tenant and filled the unitMy question is, "How should I mark the others down in the software that would have passed my screening standards?"

Melissa, Investment Strategist at Rent to RetirementThank you so much Mrs Melissa, I would love to get more indepth about this and which of them that best suits my situation now.

I would also try to anticipate their situation and needs and how you could facilitate their exit.

Hello, my husband and I are currently in the same situation as you when you posted this and I was wondering if you ended up using a heloc to fund your new build?

The best approach for you will depend on your specific financial situation, risk tolerance, and investment goals.I hope this helps!

That is the basic run down, I would suggest syncing up with a real estate knowledge accountant for your specific situation! 

If your situation hasn't changed much, it might not be worth paying more for premier.

If you're doing a rate and term refinance, there's typically not a seasoning period but again it's common for lenders to require it be rented first.If you're doing a DSCR cash out refi, it may not need to be rented first but you're probably paying a higher rate.Your best option is to call a loan broker you trust and go through the options based on your current situation.

Similar situation where I was forced to update while it was occupied.However I know once I have to update the entire unit, I’ll be spending quite a bit as the kitchen is outdated and the place needs paint and either new LVP put down or sand and stain the existing hardwood.