Do we have any other options?

Granted, the current value gets you to your target cash-out number of $125,000 which is another option.

The city's growing number of people and its economy might also help raise home values and the cost to rent.Start by looking at your equity, research the rental market in Lubbock, check out properties with tools like BiggerPockets rent calculator, talk to local pros, look into money options, and choose if you want to run the place yourself or get a company to do it.

Source: Mortgage Rates: 30-Year Fixed Rate Mortgage Average in the United States (MORTGAGE30US) | FRED | St.

Take an option to buy the property 3.

what is a better exit strategy Lease option vs Seller financing

Purchase price: $551,050 Cash invested: $12,000 Utilized the new 5% down conventional option.

The expanded inventory offers more options for buyers and a healthier market overall.Actionable InsightsFor Buyers: Now is a great time to explore the market with the increased inventory.

There are a few options for that -- a duplex, in which you live in one side and rent the other long-term.

Other options include regular loans with a 20% down payment or getting a long-term roommate.