🎉 A $300/month positive cash flow is a solid start, especially after house hacking.

In your proposed case you would be compounding this negative position by taking away the best source of financing for a large percentage of potential buyers.  

In this scenario, you might even walk into equity when your project is completed. 

It's worth about $350,000 and no liens.I was thinking about making it a midterm rental or a short-term rental but it would require quite a bit of work and would require getting a home equity loan.Also considering selling and buying a turnkey str.I do plan on leaving the country and I'm not sure where I'll end up.Would love to hear the pros and cons from all you professionals.

Partner Driven identified this property as a quick-turn opportunity with immediate equity potential.

I’m a licensed realtor, an investor in the making, and someone who believes in making something out of nothing.I started in wholesaling before getting my license, and now I’m grinding to become a consistent producer while positioning myself to rebuild as an investor.

Hello,We have "trapped equity" in a long term rental condo and are considering selling it and doing a 1031.

@Michael Martin I'd recommend our official SDIRA partner, Equity Trust.

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.

My idea was I could live there immediately and also do all the minor work that would not require an actual tradesmen, which would allow me to start building equity.