Sometimes, buying an existing property can be more cost-effective and less time-consuming and maybe require slightly less permits, etc. 

To leverage the equity for financing my next deal, a second mortgage seems like a more cost-effective option.

We're talking negative cash flow, and it's fustrating.Quick overview, 3 units. one is a 2 bed/ 1 bath, another is a 1 bed/ 1 bath, and the last is an efficency.

If both houses were sold in 2024 then the loss will negate the profit from my understanding.

Propstream - Data creation + stackingDeal Machine - Driving for DollarsOpen Letter Marketing - Mail ProviderUsing these 3 platforms, you will be able to create lists, research properties, and market to them effectively.

But I will be honest, the rentals I have been added the last 2 years here in DFW have negative cashflowed.

Byrna    it has an effective range of 60'  Have any experience with one of these?

@Jordan Meltzer unless you find a screaming deal - a Class A property won't cashflow for 3-5 years.Class B: 1-3 years.Class C: most investors don't properly understand the risks, so should stay away from them.So, you may need to deal with negative cashflow, but plan on appreciation increasing your wealth.

Why would you do anything that effectively pays you less than that?

This creates a negative initial position.