It doesn't matter what your favorite guru is telling you.Vouchers are generally assessed annually and the amounts can, and often change.

Lenders often consider a percentage of that rental income when assessing your borrowing capacity, which could make it easier to qualify for a new loan.Market Conditions: Analyze the real estate market in both your current area and the area where you plan to buy.

My siblings and I are building a home in North Port, FL.Here are the numbers:Finished Home Value: $412KishLand Cost: $19,750.39Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!!

Risk Assessment: Consider vacancy rates, potential repairs, and unexpected expenses.Once you're comfortable analyzing a few deals, you’ll be in a great spot to pull the trigger on your first property.If you need help with financing or want advice on what options might work for you, feel free to reach out.

Get pre-approved for a loan, set up alerts, and assess older properties.

Just make sure you’re comfortable with the repayment terms.Cash Savings: If you’re hesitant to dip into your non-retirement savings, try to assess whether you could use a portion of it for the flip while keeping enough for emergencies.

Your HOA will likely keep increasing and because of the excessive heat, roofs get replaced more than in other areas and if the HOA is not super liquid, that will come back to you in the form of an assessment.

Appreciate your assessment! 

You bought it as a primary and kept it to start investing, but that doesn't sound like a good investment and HOA can keep going up or there can be assessments and your appreciation is much lower in a condo than a single-family.

Assess your liquid savings (cash, short-term investments) and allocate a safe portion for your real estate investment.