part of the brrrr process is renting it. get it rented for better rates. 75% max cash out using the new value. 

Value your money more. 

I am interested to see if anyone else has invested in that zip code, and what they think long term values (5-10 years) will look like.

In case you missed it, Detroit' Mayor Duggan announced that the value of houses in the city increased 23% in 2024.In the last 7 years, Detroit housing is up over 300%!

I have reviewed our Salesforce communication and the data from your portfolio, which only tells part of the story of your experience.

However, FHA rates will most likely be lower than conventional (but this can be a larger difference for different price ranges)Conventional mortgage insurance drops off automatically at 78% loan-to-value (or you can request it dropped at 80% loan-to-value with an appraisal) whereas FHA it's on there for the life of the loan. 

Home prices have decreased over the last 18 months so there is lack of good options and values still above normal. 

Consider the potential returns from the triplex versus the current and future value of your business.

I was playing with the idea of selling my condo, taking 300k of the equity to put a down payment towards a house listed at 660k.I'm assuming the reno will run $300/sqft and going in with the assumption that phase 1 will run 750k (figure the expansion of the house will have to wait) for the gut reno.I assume/hope (but definitely not banking on) that I will be able to refi in 2-3 years at a lower interest rate; if not for a lower rate.This will likely be a family home for the next 5-10 years at LEAST so investment value isn't quite at top of mind ATM.Questions:Even if it's not for lower interest rate, do you feel it's advisable to refi to remove the 203 loan in the future?

I hope you found the Google reviews before getting involved.