It could take longer to sell when you are ready to move on to a bigger / better project.I have about 25000 saved up and I'm living at home for free how much of that should I spend on a property or save.You will always want to spend a little as possible.

I am looking forward to being here and learning more. 

I am grateful for such a community of like-minded individuals and look forward to connecting with other real estate professionals and learn from you all. 

Moving forward, save religiously, build your credit, and limit unnecessary debt.

Hi all, I have a tenant couple who moved in 4 months ago.

It's a long story but we ended up aggressively investing in Detroit real estate, built a 12-door portfolio, and then moved back.

My tenant will move out in 2 weeks. 

With the move down in the treasury market, has anyone priced out DSCR loans? 

I simply budget 5% of incoming rent for maintenance and 5% for future capital improvements and manage the properties as time goes and as things come up.For example, when a tenant moves out, I will look at the property and determine if any rehab/upgrades make sense at that point.

The cash-out refi necessarily means thousands of dollars in additional expenses - likely setting you back further than you went forward in mortgage pay down during the same time period if refinancing in 1-2 years - but hopefully earning more equity in the meantime (fingers crossed).