Also, look at how much your current primary could rent for, and ensure the rent will cover your new monthly payment. 3.

Equity: 250k2 Family 3/2 Purchased 2023 475k Currently worth 600k 7.25% Interest Cash Flow -1,100 a month ( I live in one of the these)Equity: 98k ( yes i put 20% down)55k in Stocks mostly apple/vti/qqq 5k Cash (reserved for emergency missed rent payments) in a 4.50% savings accountNo credit card debt no car loansI do have 60k in open credit cards 8k available for no interest for 15 months.I have a 50k Heloc on my 2 family unit at 8% interest 10 year interest only 10 year repaymentSo as a investor what would some of you guys suggest as my next investment move?

What'd you freaks think of what Federal Reserve Chair Jerome Powell said about a potential rate cut in September?

While I have been able to find tenants to rent at a slightly premium price as the building warrants it has been more challenging and taken longer than my buildings in better areas.

But, on the flip side, I have also read that rents are starting to correct and go down.So, I wonder, am I making a mistake by hoping that the market will be better for investors next year?

I would love to connect with people in Northern New Jersey that are utilizing the Medium Term Rental strategy locally; specifically furnished rooms that are being rented. 

SFH in a nice area is around $300k and will rent anywhere from $2000-$2600 

I personally own 12-doors there, three of which are rented to S8 tenants.Worth a look!

Purchase price: $250,000 Cash invested: $5,000 This was a property my wife and I purchased to live in while fixing it up with the idea of renting it out.

(In case you didn't know, the Housing Authority typically won't start paying rent until the property has passed its initial inspection.)Good luck.