The Go-Giver: - “Your true worth is determined by how much more you give in value, than you take in payment”The Voice of Knowledge: - “It’s not important to be right, or make others wrong.

However, a huge portion of the extra monthly payments would be offset by new rental income from my current primary residence.

Section 8 comes with guaranteed rent payments straight from the government, which is a huge perk.

The only reason to do a cashout refi is to replace expensive debt with cheaper debt or use the money to purchase more investments that make more money than the cashout refis debt service payments.

Should I wait until I can put 20% down on a property to decrease the monthly mortgage payment?

thank you so much, i can't let her out just like that, i wish i can as she has drive me crazy like 20 times a year with her heating issues and others issues. i have to keep renewing her lease unless she is paying late cotinuesly or no payment or i move in by myself or i sale the property.

If your student loans are only 3-5% interest, that's pretty good so I think it's okay to pay those off over time.It sounds like you're making good income with your current employer and there is room to grow, so I'd plan to stay with that job until you can pay your high interest loans off and save enough for a down payment for your first property.

If you were able to pull out $500,000 in existing equity out of a paid off rental and disperse those funds to acquire 2, 4-unit MFR properties and had the income to support any future CapEx and the interest payments on your HELOC ( including the extra income to paydown the loan ) would there be any " gaps " or problems I'm missing in this situation where it would be a bad enough idea to not go through with acquiring more properties through a HELOC on 1 of 5 properties you own?

I LOVE the house hacking method and I think it is one of the best ways to get started in real estate investing.

This is particularly effective when paired with bonus depreciation provisions.This method not only helps reduce your tax liability but also enhances cash flow, making it a powerful tool for real estate investors looking to grow their portfolios.3.