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.

I just bought my first investment march of last year I gain over 50k in equity  .

In reality, it’s pretty rare to find a DSCR loan going up to 95% LTV.

Cash flow is basically a function of equity.

Hey @Jaycee Greene, we typically get loans from smaller local banks.

Their plan is to raise rents (on the poor remaining souls, improve infrastructure and exert some sweat equity. 

So I did a 3-2-1 buydown and secured a 2.875% interest loan for the first year of the loan, and it will gradually go up a percent each year until it hits my rate of 5.875%!

@Jordyn Ohsnot enough info to helpbut if you're using a HELOC for the down payment AND getting a loan, then you're probably negative cash flow given that's 100% leveragei would never do that unless i were going to refinance in the short term

@Vinny MuliIf you have equity built up, can you do a cash out refi?

Our bank will let us use equity that exceeds 25% across multiple properties that are either owned free and clear or where they hold the first so long as the deal still cash flows with however much cash is brought to the table.