I was playing with the idea of selling my condo, taking 300k of the equity to put a down payment towards a house listed at 660k.I'm assuming the reno will run $300/sqft and going in with the assumption that phase 1 will run 750k (figure the expansion of the house will have to wait) for the gut reno.I assume/hope (but definitely not banking on) that I will be able to refi in 2-3 years at a lower interest rate; if not for a lower rate.This will likely be a family home for the next 5-10 years at LEAST so investment value isn't quite at top of mind ATM.Questions:Even if it's not for lower interest rate, do you feel it's advisable to refi to remove the 203 loan in the future?

Feel free to give me a call if you have questions.

I have never done a fix and flip and I have been stuck in analysis paralsysis slely due to the feeling of not knowing what I dont know.

Quote from @Paul Novak: Quote from @Don Konipol: @paul @Paul Novak First congratulations on finding and sticking to what’s successful and comfortable for you.You can always ACCELERATE wealth creation; the question is do you want to take on more risk and or dwell outside your comfort zone in order to accelerate? 

Look at the article here: https://www.uhaul.com/Articles/About/U-Haul-Growth-Metros-An...If your interested in learning more why I invest here in the DFW area feel free to reach out directly to me.

An unencumbered outlook is therefore necessary to provide some comfort in the gnarly world of distressed property.

Feel free to DM me.- Victor Collazo

@Sarah HartsteinThe way you spoke so highly of your success embodies what investing is all about.The more I research investors who are successfully investing outside the country, the more I feel inclined to shift my goals toward international real estate investments rather than focusing solely on opportunities within the U.S.I will most certainly keep you in mind once I am ready to expand my portfolio! 

Here’s what I’m currently seeking:Location: Spotsylvania and King George County, VirginiaPrice: Under $300KProperty Type: Single-Family Homes  or Townhomes Specifications: Minimum of 2 bedrooms and 1 bathroom; must be fee simple (no condos)Condition: Open to properties needing either cosmetic updates or complete gut renovationsIf you have any questions or opportunities that fit these criteria, please feel free to reach out.Thank you,

Feel free to connect anytime.