And don’t forget about tapping into equity if you have any.

, how do you tap into that money to scale your portfolios? 

This isn't always a deal breaker, although many carriers tap out at 100 years old even with updates.2.

If you have a couple of rental properties with some equity, and you're looking to tap into that equity to fund more investments, what would you do?

I am on tap to raise 1mm well within my first year...I would have never even tried to do that without this group! 

@Tove FoxInvesting out-of-state can be a great way to tap into affordable markets with strong rental demand and solid returns.

Looking to tap into it without doing a cash out refi to replace the existing rates with current rates.

And as investors we should know this, but always anticipate higher costs and longer waits.EXAMPLE Breakdown of Costs:Plan Purchase: $1,500Permitting Fees: $2,500-7,500Site Preparation (grading, utilities, foundation): $20,000–$30,000ADUs require separate utility connections for water, electricity, and sewer but you can tap into existing utilities at the primary houseIn Raleigh you CANNOT split lots fee simple, so setting up completely separate utilities would not allow you to section off the ADU as of nowYour ADU must be on a permanent foundation (no wheels, no ability to move the structure)Construction (labor and materials): $100,000–$150,000Low-grade: $150–$180/sq ft averageMid-grade: $180–$220/sq ft averageHigh-end: $220–$250/sq ft averageLandscaping/Finishing Touches: $5,000Total Estimated Cost: $125,000–$200,000You could easily spend $200k+ with super end high finishes, custom designs, complicated sitework, adding a second story or more sqft, etc.

Make sure utilities are available, and that you have tap fees included in your estimate, as well as engineering (site plan), architectural plan, and other bits you might need to consider for your market (landscaping and costs of sale, for example).

It lets you tap into your home’s equity, usually at a lower interest rate than other loans.