You’re in an interesting position depending on how long you’ve lived in the U.S.

Equity Created: $550,000 ARV - $409,000 loan balance = $141,000 in equity.Cash Flow: The property rents for $2,950/month, covering all expenses and generating slight positive cash flow.HELOC Potential: Post-refi, I can secure a HELOC up to $86,000 (90% LTV) to fund future investments.

I give them pointers on how to build credit and over time most are in a position to "refinance" and pay off the Option. 

The land loan is in 1st position on title which would put the loan to build in 2nd position.

The 1st position loan is paid off but has a second position heloc on the home with 50k balance.

I’ve been eyeing the north Feltonville area and wondering if that falls into what you’re seeing as a positive exception?

@Dominic CampeloWith your contracting expertise and business growth, you’re in a fantastic position to enter real estate investing.

@Haley White that’s awesome you were in a position to be able to pivot and take advantage of the market. 

If it's an HOA-based one, or has some other deed restriction, get out of the position.

The rental market is already showing signs of recovery:Spring Is Coming: Historically, the rental market picks up momentum in the spring as tenants prepare to move during warmer months or ahead of the school year.Early 2025 Trends Are Positive: In just the first week of January, we’ve seen a dramatic increase in rental applications, suggesting pent-up demand from renters who delayed their searches in November and December.What Landlords Can Do NowTo make the most of this recovery, consider:Refreshing Your Listings: Update your photos, descriptions, and pricing to ensure your properties stand out.Offering Incentives: Temporary discounts or move-in bonuses can help fill vacancies quickly.Being Patient: The market is already bouncing back, so don’t panic if your property takes a bit longer to lease than usual.What’s been your experience?