Refinancing won’t bring us that much to buy out this partner.

Investment Info:Single-family residence buy & hold investment.

Example using fictional figures:We buy a 10 acre lot, taxes are $1,000We subdivide it into 10 x 1 acre lotsNo properties are built at this stage, just landDoes the tax remain at $1,000???

I am a single mom but have been working hard to become familiar with this new world, and my long-term goal is to buy more rental properties over the next 10 years.

You can also look at the home for the ARV potential.For example how much will it cost to renovate versus the ARV in 6-12 months to then use the equity doing a cash out refinance to buy another property.

I’ve already disclosed in my contract that I may assign it, and I’ve disclosed that I am buying it for a profit.  

Do you pay any extra toward principle of your primary or buy-and-hold rentals?

I am debating between house hacking in the Bay Area for my first property or buying my first property out of state with the help of a property management company.

Investment Info:Single-family residence buy & hold investment.

There are still plenty of neighborhoods where you buy small multi-family in that price range.