@Ronald Benson Yes, you have to make sure it is the first mtg foreclosing….not a second mtg or hoa, and check for back taxes, etc.

Quote from @Ian Tyndall: This goes against convention, but I think California might be a good market because so many investors are avoiding it.

And since I get great tax write offs on properties, why would I buy treasuries?

.- This unlocks cash to allow you to buy a new larger home for your growing family(congrats) with 5% down (Since it's a primary residence)- This allows you to exit the current home and cash in on the $600 cashflow differential(minus the monthly payment of the HELOC, minus maintenance and plus tax savings ).Could be a strategy that works well for you, please feel free to reach out if you want to talk shop and run the #s.Zach

Trying to avoid spending 2K on a brand new one as we may rehab the kitchen and replace all the appliances in a few years.This is the exact model looking to replace. https://www.geappliances.com/appliance/GE-24-Built-In-Gas-Ov...It was on sale but have not been able to find anywhere that has in stock. 

Analyze potential investment properties based on factors such as purchase price, renovation costs, potential lease revenues, vacancy rates, property taxes, insurance costs, and ROI .

I will give you some of my highlights.People in Texas complain about their property taxes at 3% ours are about 4.5%.New York in general and Monroe county specifically are very tenant friendly.Depending  on the town, the code inspectors/police can be quite anal.Since Covid and the 2020 protests we’ve seen an increase in crime in the city and therefore weakening demand in the city proper and increasing demand for the suburbs.Industry is well diversified—University of Rochester (medicine) L3Harris (defense) xerox (IT) and paychex (software/hr)) and relatively recession proof.Population growth is low and therefore appreciation (except the past 4 years) has been moderate as well.There aren’t many builders in the area so supply is relatively fixed.Home (and rent) prices are both affordable with homes typically being less than 1/3 median household income and rent being similarly affordable.For single family homes at 8% rent will cover piti with about 100$ to spare in the A areas.

Compare to the tax returns for some degree of confirmation.

So we were able to avoid the pitfalls of taking every rehab project that came our way.

Prop tax's some of the lowest the country very low insurance stucco houses tile roofs and desert landscaping all lead to ease of maintenance over time compared to FLA which of course has all sorts of weather related issues that is detrimental to houses .. high prop tax and sky high insurance ( certain areas) But its also growing.. so there is that.