You will truly be raising the clock, as each day will cost you very significant money.  12% interest on $250k is $2500/mo, or about $80 per day in interest, not including your other carrying costs (utilities, property taxes, insurance, HOA). 

After all PITI, utility, and services (lawncare and cleaning) costs I have $7,225.I set aside 25% of this for my maintenance fund.The remainder funds my lifestyle, wife has a Tesla, and quarterly vacations as well as business growth.In 2023 I am tracking to build 4 duplex units designed as room rentals funded in part from a recent land sale.

Depending on how long you have been in the first property (based on your interest rate, I am assuming 3-4 years), have you explored the option to utilize your FHA again?

Hi Brett, I would opt to utilize a HELOC. 

:Initial investment:€3,000.00 – Rental contract, First, Last, Security Deposit€3,056.68 – Furnishings/Consumables€1,308.03 – Taxes/LegalTOTAL – €7364.71 Average Monthly Gross: TOTAL – €1820.33Average Monthly Operating Expenses:€127.25 – Utilities€191.10 – Taxes, Maintenance, CapEx€289.15 – Management€1000.00 – Rent (*See Master Lease Strategy) TOTAL - €1,607.50Average Monthly Cash Flow - €212.83Est. months to break-even - 35 monthsObviously, there are a lot more details (challenges, wins, etc.) to this story.

Hey all - I'm new to the RE investing game and have some (probably dumb) questions regarding cash on cash returns. As some background, I'm looking for turnkey or close to it and would be using a management company sin...

Cost segregation can be utilized for many different scenarios such as new construction, properties already owned and newly purchased properties.

There are multiple ways to utilize equity without paying taxes, such as cash-out refinances, HELOCs, and 1031 exchanges, making appreciation a powerful wealth-building tool.Many people lump all of California into one bucket, but it’s a massive state with many distinct markets.

Landlords can enter a tenant's property for a variety of reasons, including: Making repairs or replacements Responding to a tenant's request Removing unauthorized window coverings Preventing waste of utilities Changing filters, testing, or replacing smoke detector batteries Inspections Helping with an emergency inside the unit Posting a notice of eviction"Research your state laws because some of your comments indicate a lack of understanding of the landlord/tenant laws where you are operating (like threatening the tenants to keep the security deposit if they don't respond to you, I doubt that is actually a valid reason to keep their deposit, or evicting for late payments, or charging the tenants for your warranty repairs because you missed your 11 month inspection window which was your responsibility, and it looks like your lease says you can charge up to 18% interest for unpaid fees, is that actually legal?).

So it's pretty hard to break 5% utilization.