Using equity can be a powerful tool for building wealth, but it’s essential to ensure that you’re comfortable with the level of debt you’re taking on.Consult a Professional: It might be helpful to speak with a financial advisor or mortgage broker who can help you weigh your options and determine the best course of action for your specific situation.Best of luck with your move and the rental property!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $425,000

Cash invested: $15,000

Sale price: $575,000

5 Beds 3 Baths 1,377Sq Ft

These are the tools at your disposal that will help you avoid liability.

I will for sure put this in my tool kit.

A good PM should be on top of this and not simply ride out the market shifts.Technology & Reporting: What tools do they use to monitor guest interactions, maintenance, and property performance?

Cost segregation is a commonly used strategic tax planning tool that allows companies and individuals who have constructed, purchased, expanded or remodeled any kind of real estate to increase cash flow by accelerating depreciation deductions and deferring federal and state income taxes.When a property is purchased, not only does it include a building structure, but it also includes all of its interior and exterior components.

Almost every new house I've sold when it comes inspection time still has plenty of issues to remedy.#5 Most buyers have never bought a new home, never negotiated with a builder, don't have an idea of even what to look for. 

Some land was sold off years ago without this issue, but I understand why the attorney can't guarantee clean title.Has anyone dealt with something like this?

Having said that, it could be a useful tool in your toolbox once the portfolio grows large enough.

I have sold RE in NJ for almost 15 years so can probably help if I have more details.