However I am struggling to understand and evaluate the risks involved with cash out refinancing 2-5 years down the line.

Hey folks,I am brand new to STR's and am here looking for suggestions around STR in Kissimmee area. I have an opportunity to purchase a 2019 built 6 bed/6 bath 3300 sqft (Pool/spa, media room, full size garage) fully ...

Start by researching areas that fit your goals, understanding financing options like FHA loans, and using the 1% Rule to evaluate deals.

What you would want to evaluate is the income generated from the income-producing property(s) to see if the income from your rentals would cover the cost of your new HELOC payment.

What are your tips on finding and evaluating areas to purchase?

Should I re evaluate what strategy I should use and maybe look further out in places such as Rochester and BRRR properties out thereHey @Jared Leggett, I know I'm jumping in here late in the game, and I have to admit that I haven't read all the many comments you've gotten, but I wanted to provide what I imagine and glean is a contrary view.It is easy to dunk on NYC for young investors starting out, but if you are a first time homebuyer you can buy a $1M property with $35k down (+ closing costs which can be avoided with seller's concessions).

It is not tax advice for your situation, which I have no way of evaluating.

I'd also recommend diving into books, podcasts, and even attending real estate events to start learning more.Here:Learn the Basics: Study property types, financing, and market trends.Network: Attend events, connect with pros, and build relationships.Find a Mentor: Seek guidance from someone experienced in commercial real estate.Start Small: Look at smaller deals or partnerships to get your feet wet.Take Action: Once ready, start evaluating deals and making offers.

Specifically, I'm interested in hearing your recommendations for:- Deal sourcing and lead generation- Cold calling and outreach- Deal analysis and ARV calculations- Estimating rehab costs- Tools or calculators you use to determine whether a flip is worth pursuingFor deal finding, I’m currently evaluating PropStream and Flipster as a beginner.

So I pretty much want to find someone who can just evaluate my properties with data and experience and tell me what to do, like a consultant.I did the pitch for the BNB Investor Academy, currently $12k btw, and I was a little bummed because it seems like more of a school, and when I messaged Michael on IG he said it wasn't a school and that I should sit through the pitch.