What do you mean you are paying $400 additional dollars more than what you are paying now?

In addition, these markets are seeing both home values and rents appreciate.Cash flow from a property will depend on your down payment.

If things work out, we'd like to have at least 1 additional property before the end of the year and have 8 in 8 years.

Use extended closing periods or additional earnest to buy more time for your old property to sell if you need.The last option is what's called a reverse exchange.

Interest rate on the home is 2.6%, so I don't want to pay down the loan with the additional income coming in.

I am also a huge fan of real estate and for the past 50 years there's been a way to combine both.By leveraging a Self-Directed IRA, real estate investors enjoy both the traditional advantages of property ownership and the additional tax benefits of retirement accounts, creating a powerful wealth-building strategy.

Close to a cool little town, close to an area attraction, etc....Also do a search here and see how to screen guests, in addition to what the hosting sites do.... like no last minute bookings, no short stays....

But if I decide to pay an extra $2,000 per month, in addition to my (dropping month after month) minimum interest-only payment, when the loan is recast to principal and interest, the new payment will be based on the remaining balance ($396,000) spread over 25 years.

Electric: is the easiest to split, but may require holes cut in walls to separate the units.Gas: gas lines aren't as flexible as wires, but it can usually be done affordably.Water: most cities will NOT install additional water meters on a property.

In addition, due to them being eligible for conventional non-commercial financing they typically have lower cap rate than 5 units and more.