ConsiderationsCrime Rates: Some parts of Albuquerque have historically struggled with higher crime rates.

For the $525K property, with the low mortgage rate(you will probably never get a such low rate), it might make sense to hold onto it for now, especially if you can still sell it as a primary residence within the next three years and avoid capital gains taxes.

So, even when the market is challenging, you can still see properties and stay current.Don't take a break when the rates are high.

El-ErianSun, January 10, 2021)) Mostly, I see a hint that it could result in rising interest rates.

25% is the going rate, high end 30%/35%

In your case, changing the property from a rental to your primary residence constitutes a change in use.The depreciation recapture will be calculated based on the fair market value of the building at the time of conversion, not including the land value.Since you're tearing down the existing structure, the entire amount of depreciation taken over the past two years will likely be recaptured, as the building's value at conversion will effectively be zero.The recaptured amount will be taxed as ordinary income, up to a maximum rate of 25% for residential rental property (Section 1250 property).

Experienced investors typically value properties like yours by analyzing cap rates, cash-on-cash returns, and income growth potential.

There is no point refinancing the almost paid off property to buy another-just get a mortgage on the new property.hard money lenders are going to charge you a higher interest rate.

With today's high interest rates, it usually doesn't make sense.

We have a 3% rate so dont want to refi but the property has appreciated quite a bit so would like to tap into that equity to fund our next deal.I am having some trouble finding lenders that offer helocs on investment properties.Does anyone know of any banks and/or lenders that do helocs on investments?