@Joseph Sakic the "pain" is directly related to:1) How much your current PMC cooperates2) What paperwork you already have or can get to send to the new PMC

Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000

I'm based in New York but invest in Myrtle Beach SC.

New Jersey is not a horrible state for investing it is more so certain towns and cities that give NJ a very bad name. 

That higher interest will be a lower cost than the closing costs for the refinance so a net gain (depending on your new loan size). 

I’m new to the field, but I’m eager to learn, connect, and grow with like-minded individuals who have experience or are also just starting out.I’ve always been drawn to entrepreneurship, and wholesaling real estate caught my attention as a great way to build a business while helping others find investment opportunities.

Lee: Hello,I am new to this forum. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

New listings decreased by 40%, from 193 in November to 115 in December.

Hello BiggerPockets Community!
I'm excited to join this group of like-minded individuals passionate about real estate investing. As a beginner investor based in the Seattle metro area, I'm eager to learn from your ex...