.-$165,000 New Value (The appraised value due to both forced & market appreciation)-$12,500 HELOC Approved-$1,550 Monthly Rent & no vacancy so farIn November 2017 we used the $12,500 and a little cash to move into a newly constructed home approximately 10 miles from downtown center:-$300,000 Purchase Price-$15,000 Down Payment (5% Conventional)-$1,970 Monthly Payment (Mortgage, Escrow, HOA)It's now been two years since we moved into this home and the market has been kind in Nashville:-$165,000 Home is now valued @ $200,000 (originally $137,500)-$300,000 Home is now valued @ $330,000 (approximately)-$43K is what I stand to clear on the original home after selling using a 1031 Exchange to avoid capital gains taxes.-$13,200 isn't true cash flow but it is what we captured beyond monthly payment over 2 years, we can assume 35% for expenses since this property is remodeled and the HOA cares for the roof and external structure.Total gain over 3.5 years:-$62,500 in Equity on Home #1-$30,000 in Equity on Home #2-$6,600 in Cash Flow on Home #1-$20,000 in Debt Pay-down for both homes combined-Plus tax savings that I don't know off-handWhen you look at each wealth generator I imagine REI far outperformed my 401K had I left my original $15,000 slow-cooking.Total Gain: $120,000Total Cash Invested: $35,000Net Gain: $85,000 (plus whatever tax benefits we've received - highest returns yet!)

One house may be newly renovated and have granite counters and another has 1980's Formica counters.

It was to be the launch of our real estate business and first of many flix&flips hopefully.After closing and starting on the new roof, my real estate partner shared that he would love to live there because of it being right next to his son's school and on his work route as a transit driver.We came to a deal that we would sell it to him for $225,000 to pay off the $170,000 loan with Intrust Funding, also recover out of pocket rehab investments already paid and finance the remaining rehab wok, and cash me out for $12,000.But conventional lenders aren't treating it as a new purchase.

The only good news in all of this is that they are going to jackhammer a barren cement floor and not rip up any newly installed tile.

Hoping to launch the first one in November.  

I've been working on a project for tiny houses and have the opportunity to partner with a recently launched REIT.

I was stationed out here in 2013 and decided this was where we were going to launch our full time investing business.

For example, 14 newly constructed detached townhomes (all contiguous). 

I did three last month on a newly purchased building it had significantly under market rents and had lots of deferred maintenance. 

Are you considering renting out your newly constructed home and moving?