My name is Tony, and I work with the Biggerpockets Featured Agent Program!

Here is why:STRs aren't going anywhere and if you can make the experience unique EVEN BETTER.

Probably because I legit LOVE what I do, I really do.Now, a very key point, I'm not a Top-Producer because I specialize in REI and that's extremally unique itself to be one of the legit few, I slay because I have a passion for what I do, I get jacked-up about negotiating DOWN a great buy to make it a ridiculously awesome buy even though it cut's my commissions down, because I'm a sick-twisted addict who can't stop my thrill of the hunt, lol.

Living room features gorgeous wood fireplace tiled all the way to ceiling.

But ask how we avoid them ever having to happen, or how we identify a good tenant vs risk factor tenant, how we price a unit, what animals are ok and which are not and why, what unit features matter and which don't.   

Prices are still dropping and, because this is a unique situation, nobody can predict where the bottom is.

HI Laurie,This one is going to be a balance of home sentiment, personal financial confidence based on your particular situation, and the choice of product.Choosing the right product will also be based on your perception of financial risk and your goals as well.A line or HELOC has its pros because you only pay interest if you use it which is nice because if you dont use it you dont pay anything other than the 0-75 dollar admin fee (most heloc’s have this and some dont just make sure to leave it on auto pay to avoid forgetting and incurring a late on your credit report).The downside with the HELOC is the insidious variable rate feature (margin + prime which is currently at 7% as of this writing).

The value of the land has very little to do with cap ex.Each property has unique cap ex cost.  

Entertaining the idea of building something unique and smart for the Austin, Texas area or other parts of the country.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊Please send us any feedback via email, as we do not use the DM feature here