While rates may not decrease, the significant double-digit increases should level off.

I'd also suggest speaking about Real Estate with friends, family, neighbors, and anyone else in your sphere of influence. 

The problem is, that's not proper accounting because a credit card is a liability, and doing this workaround will reduce your assets rather than increase your liabilities, which totally messes up your balance sheet and debt-to-income ratios.  

Pros - guaranteed rent, tenants stay longer on averageCons - more mgmt needed (lease violations), they tend to not take great care of properties (increase maintenance expense or deferred maintenance)

Its a nice little cheat/loophole on the mortgage side that can help afford a larger home pice and increase your chances of getting a home or other loans.If you have any questions feel free to reach out I am always happy to help and go over the basics.

I recommend you do this annually to adjust for utility increases and other variables.

If the market value mentioned above is accurate and the “initial” loan balance hasn’t increased by rehab funding, I wrote above that the proceeds are just a couple million after closing costs and commissions.

Throw in that you can dramatically increase the value of the property once you show consistent rent rolls much higher than when the space was used for LTR, and you have a big win. 

Ditch the red rug, increase art and add dresser, bedside tables to bedrooms.

Despite the storms in W FL we are seeing YoY rate and occupancy increases 24-25.