We have found that setting our expectations about what we want is helpful (financial performance, level of renovation we can handle, forced equity opportunities, number of bedrooms, etc) and then waiting for a deal to materialize. 

It creates over-leverage and the performance of one property is dependent on the other.

Or that the remodel wasn't performed by a licensed professional. 

Hi all! I’m a real estate investor based in Indiana. My husband and I primarily invest in long-term rentals here. It’s a solid market with a median home price around $250K and a rent-to-price ratio of roughly 0.8% (po...

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So you’d be ok coming out of pocket another $130k and paying $780k for this property if the builders fail to perform?

Quote from @Chris Seveney: Quote from @Luis Pereiro: Hello BPI'm looking to connect with investors interested in purchasing a mortgage note (performing).

To assist us, we refined our pitch deck and performed some scenario analysis with our financial models.

The new property has to perform enough better than what you have to pay the higher interest rate on the higher balance, AND ADDITIONAL profit just to payback the $65k you lost selling.

Just keep an eye on how both markets are performing, and maybe start small, like taking out $50k, so you can test the waters without over-leveraging.