Brace yourselves for the next level of financial wizardry: condo conversion.

If there happened to be an event in the market that upset the financial lenders, they are toast.

Why not just outright sell and reinvest your money --- in whatever asset?

As @Alecia Loveless stated real estate is an asset after you sell it.

The other asset seems to be cash flowing so keep that

New roof and windows, insulation etc don't really add much to ARV, but it makes for a better quality asset.

While my current job, which I was promoted to six months ago, pays well, I still feel like I'm not achieving financial freedom or enough time for myself.  

If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)

Hi Lisa, Right now DSCR loans are hovering around high 7's to mid 9's but there's so many factors that can affect the rate you can qualify for as credit, DSCR ratio and assets play a factor on what rate you can get and also if you plan on paying points.

Also, read below and save yourself some potential headaches:)Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.Here’s our OPINION for the Metro Detroit market (use as a template to figure out Grand Rapids area!)