I don’t see the value with time and effort owning this place but as a new investor, I can’t help but to consider if I hold on to it- if it will then become net positive.I refi in Oct 2024.

Plus, investing in hurricane-proofing and key upgrades should help long-term durability and reduce major CapEx surprises down the road.Since you're aiming for a BRRRR-style approach moving forward, are you looking to find value-add multifamily deals in Maryland, or are you considering other markets?

I suggest finding a good insurance agent and a good attorney/CPA to help you get everything organized.

@Mario Niccolini I am going to help make the decision easier for you.

If you're interested, I know a fantastic investor-friendly agent in Denver with years of experience and could help you navigate the market.

Many posters say it's important . . . and they're happy to help you set it up for a fee.See what's happening?

Very insightful and helpful info.

I can help, lets connect

Real estate investment groups can be helpful.

Great questions - a lot of our borrowers will tap the equity using a refinance in order to purchase their next investment property.Feel free to give me a shout anytime, happy to help!