But on the question of refinancing, well no one can predict the future.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

Whether that means a "cash out refi" assuming you can get rates that work, or a 1031, get your money working for you.I work with many investors that are looking to use a 1031 to move an older depreciated property into a New Construction investment property that will work well for Cashflow, Appreciation, and will give them great tax benefits with the reset depreciation.Feel free to connect if you have more questions.

To enter the rental property market with minimal upfront costs, research local markets, consider future growth, and plan for vacancies.Good luck!

I'm 23 years old and plan to use real estate for my retirement, but that's in the distant future.My question is whether it's better to pay off the mortgage as quickly as possible or to buy a rental property as soon as possible.My thoughts are that if I pay off my home, I'll have security and more money each month to invest, as I won't have to make mortgage or rent payments.

I am in Barry County, so there’s no planning and zoning.

I actually found a closing attorney who is going to do it for me but it’s never a bad idea to have a plan b :)

I’m wanting perspectives like yours as well to know what risks we might be taking.

Get a floor plan drawn out BEFORE you start the work!

I'm an agent as well and that's how I make most of my income- I have plenty of clients who want to self manage, and I help them do that as well.