Borrowing from my primary so I can buy another rental, which is also borrowed money, is a fools’ errand…creating an “alligator” right at purchase and putting my own house at risk. 

A completely paid off property purchased at a 6-7 cap, and appreciating at 3% per year long-term is a 9-10% return with very little tax.

And so would the rest of the Soutwest, which could then claim it's higher (and rightful) claims to the Colorado supply.Basically so many moving parts and ways to deal with the climate issues, both those that are real and those that are imagined.

Are you purchasing or refinancing a property within the next six months?

My fiance and I would love to purchase our first home sometime in the next two years, but the market in California is daunting.

Purchase price: $45,000 Cash invested: $48,000 Purchased this mobile home for $45,000, as-is value is $150,000.

I'm Clayton from Fort Worth TX, passionate about real estate investing for two years and counting.

I'm meeting with my agent today to discuss, but remember, this is my first time purchasing a home/investment so any insight would be appreciated.My closing date is scheduled for 11/22 - this is coming up fast!

How did the properties you purchased turn out, and were there any unexpected issues like liens or repairs?

Hi Shayan,Rehab projects that involve HOAs can still be very profitable, you'll just want to check in with the HOA prior to signing the purchase agreement to check if the work that you want to do will be allowed, but also to see if the condos are warrantable.