I'll also be attending the Momentum2025 virtual event next month.I'm trying to take as much action as possible but I know the ultimate action would be to close on my first rental property.Here is my question for everyone. 

Maybe lake visitors, but not really close to the lake. 

We should be closing by the end of the month and the tenant is already in place.

@Anthony Finelli check your mortgage paperwork for the Truth-In-Lending form to find your APR.APR is your effective interest rate including interest, MIP and closing costs.If you can refinance the rental at a cheaper rate than the APR, then you should!

However, I live close-by (30 minute drive), recently retired from my day-job, and if the loan is not too large, I might be willing to do a deal just to learn a bit more about another side of RE.  

Supposedly, the CS program has you find folks looking to get their deals funded and as the CS "broker" you get to charge the buyer a % which gets paid at closing.

Right after I closed on that one the insurance company demanded I make a couple thousand dollars of repairs.

Most lenders won't require an application fee and should be able to clearly lay out their financing costs, cash to close, and projected profitability for you.I hope this helps.

A more stable rate environment could ease the “lock-in effect” and encourage more existing homes to hit the market.As we head into 2025, I’ll be watching these trends closely.

A new build needs to perform better than that to make it worth your time, all the risks and capital concentration.thanks for the advice everyone and would be happy to connect with you: @Bryant Brislin @Dave Wells @Leilah Davis @Joshua Stewart I have been building 15 to 20 spec houses a year now for 7 or 8 years..Just curious, generally from start to finish, from closing on buying the land to collecting a check after building the house and after escrow, how long is the process taking you?