I don’t intend to occupy the house as a primary residence but purchase the property as an investment property. 

Hi everyone,I’m exploring a unique development opportunity involving my property and neighboring parcels, and I’d love some advice on how to move forward.My neighbor is currently in the process of building 54 townhomes on the property directly in front of mine.

I have been analyzing fix and flip opportunities in NYC and CT as my next venture. 

Head over to bank rate or and take a look at the mortgage calculators, plug in the numbers and get an idea of what the property needs to generate to satisfy the intended debt.You still have to underwrite the deal for the non-finance expenses as well(typically 40-50% of the gross rents). 

@Dutch Mendenhall it's been a while since you chimed in - are you actually intending to send this refund?

I purchased a property that needed a lot more work then intended.

I intend to buy another multi-family home in 2025, but not sure I would want to move.

@Michael Goddard Moving forward add to your posts where you live and/or where you intend to invest.

In the new state where you intend to invest, research real estate valuations, trends, and neighborhoods.

When I approach them for financing on my next property, I want to avoid raising any red flags due to my relocation and the status of my Tennessee home via how I file taxes in 2024 (i.e STR instead of my primary as it was originally intended).