Numbers are always tight.

If you are hiring a contractor to do all the work and using their funding, between those two costs along with the cost of selling the property (6% realtor, 3% seller paid fees, 1% closing costs = 10% to sell), it gets really tight.  

I try to have a plan A, B, and C in place with tight acceptance and contingency periods. 

This will pressure up the rents.We saw a similar tight supply in sales as well.

Looking to buy a brand new house 2023 price is reasonable and charging 0.8-1% of purchase price is do able..my question is financing real estate but my first property is almost paid off and has been an uninterrupted rental for 7 years thankfully 90% paid off, cash is tight...could take out loan against CC at 4% flat to pay off house then maybe leverage paid off rental (private mortgage)?

I’ve lent in the 2nd lien position several times but it’s a very tight buy box - and I will absolutely not do it behind a HML.

As much as I wanted to make something in Texas work, there was just too much demand from 2nd home buyers that drove up prices to a point where investment returns, even in 2021-2022, were tight (vacation home buyers that didn't care about the investment return and just wanted a beach/lake/hill country home for personal use). 

The time frames are tight.

Instead you can try to APPEAL your taxes using the form below:https://www.phila.gov/media/20240327122414/BRT-Market-Value-Appeal-Form-2025.pdfThe deadline is OCT 7TH 2024!

@Steve Cribb to be successful, landlords need to set boundaries.Many tenants, especially desperate ones, try to make their problems their landlord's problems.As a PMC, we try to be reasonable, as "life happens" and "tenants are tenants for a reason", meaning they don't plan well and live paycheck to paycheck.Part of our being reasonable though, involves deadlines and we AUTOMATICALLY start the eviction process so a tenant knows this.