Sometimes less is more and just taking the step to buy one more might be better than selling your goose that laid the golden egg in the existing successful house.

In other words - if you do not cashout refi either the new property after rehab or the existing rental, then where will you obtain $100k cash to pay off the heloc? 

Through the LLC structure it is possible to take advantage of the existing mortgages modified first at 4,125% 22yers and 1%, yes one percent, for 40 years.

Investors who are active in gathering data on local trends while working with knowledgeable agents are able to pick neighbourhoods poised for growth and also comprehend how to best mitigate their risks as they prepare to maximize their return.Myth 3: Distressed Properties Are in Bad LocationsAnother misconception is that distressed properties only exist in bad neighborhoods.

It would have to be pretty egregious and an unusual situation.I don't know of a case and would be interested if such a case existed. 

However, I disagree with your comments that the investor buyers who buy these homes have a greater appetite for risk and know the risks that exist.

The reason I ask is that specific performance is rarely granted as a remedy in my experience (not a lawyer, just do some transactions) unless a monetary reward isn't enough to make the buyer whole because the buyer truly can't find a different property to meet their needs.

The 558k in equity could be your down payment and renovation budget for your next property or properties.Use tax strategies on your existing property to offset your W2 income and keep more of your paycheck now.I don't think this needs to be an either-or approach.

Transaction volume is basically non-existent.

Columbus Ohio and new builds not existing. enter market 25% below market on a new build and control every decision. land is under 10% of after built value. refinance, do it again.