You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

I am 52yo, a full time nurse and will not be leaving my job, but I would like to decrease the amount of hours I work.My dilemma: I currently own my own home (I owe about $165,000).

Waiting for rates to decrease might not only lead to missed opportunities in acquiring a duplex but could also delay equity accumulation.

Hence, it would be good to calculate your cash flow after the cash out refinance to make sure you'd be in the positive after the refinance and that you are comfortable with the decreased cash flow.

If they are planning on adding hundreds of new student housing units that could decrease rents for a few years. 

There are going to be a lot of properties sitting on the market and doing price decreases (but they won't come with a built-in system like turnkey) and you are going to pay up for turnkey and insurance right now.

I've witnessed decreased credit scores, rising credit balances, and stricter underwriter guidelines.

I've witnessed decreased credit scores, rising credit balances, and stricter underwriter guidelines.

Here are some pros and cons of each approach to help you decide:Paying Cash for One Home and Refinancing LaterPros:No Mortgage Payments: You won't have monthly mortgage payments initially, which can reduce financial stress.Equity: You own the home outright, giving you full equity which can be used for refinancing.Lower Costs: No interest payments and possibly lower closing costs compared to having a mortgage.Better Negotiation Power: Cash buyers often have more negotiating power and can close deals faster.Cons:Opportunity Cost: Your cash is tied up in one property, potentially limiting your ability to invest in other opportunities.Refinancing Risks: Future interest rates may be higher, making refinancing more expensive.Market Fluctuations: Property values might decrease, affecting the amount you can refinance.Buying Four Homes with 20% Down on EachPros:Diversification: Owning multiple properties diversifies your investment, reducing risk.Rental Income: Potential rental income from multiple properties can generate cash flow.Appreciation: You benefit from the appreciation of multiple properties.Leverage: Using mortgages allows you to leverage your investments, potentially increasing your return on investment.Cons:Higher Debt: You'll have multiple mortgage payments, increasing your debt and financial obligations.Management: Managing multiple properties can be more complex and time-consuming.Market Risks: Market downturns can affect all properties, amplifying risks.Cash Flow: If rental income is not enough to cover mortgage payments, you could face cash flow issues.Considerations:Financial Stability: Assess your current financial stability and ability to handle mortgage payments and potential vacancies.Market Conditions: Consider current and projected real estate market conditions and interest rates.Investment Goals: Align your decision with your long-term investment goals and risk tolerance.Professional Advice: Consult with a financial advisor or real estate professional to get personalized advice based on your specific situation.If you prioritize lower risk and less debt, paying cash for one home might be the better option.

I've been looking for an investment property for about 2 months now in a vacation area that is about 3hrs away from my city. It's overall a good area for STRs. I found a house that I think has potential - AirDNA is es...