Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

If you want to scale faster, investing in cash-flowing out-of-state properties or value-add opportunities in Baltimore County could be a better move than waiting a decade to buy in Montgomery County.

Quote from @Alex Lee: I'm looking into buying a massive fixer upper in New Jersey.

I think most people have no idea about theses products.In these times of tight inventory, I've been promoting for years that buyers should consider these types of renovation loans, or to buy new builds.

Does anyone have experience buying properties for cheap from land banks, renovating them, and renting them out/selling them?

Investment Info:Single-family residence buy & hold investment.

Quote from @Ian Hutton: Quote from @Jay Hurst: Quote from @Ian Hutton: Hey everyone thanks for the feedback, I did forget to mention I plan on buying more properties (which is why I’d like to reduce my debt) let me know if that changes any answers, but sounds like paying off the 88k 6.4% interest is the way to go  If you plan on buying new properties do not pay off any debt.

Where are you buying your rentals?

If you invest in a city with rapid and sustained appreciation, you can reinvest accumulated equity to buy additional properties using cash-out refinancing.