As an asset, it will keep going up, but with your rate versus the current rates, refinancing isn't an option so you could only use a HELOC.Based only on what I read, I would hold onto it because it's a good asset in a high-appreciation market.

This is a community built for learning and growing in real estate, regardless of experience level.

if your paying cash.. you probably make 10k a month net by the time you get to 20 homes.. if your using max leverage your probably at around 4k net.

I know this is a nuanced topic and it is probably market dependent but I can't find any pictures of rentals' basements on listing sites.Any insight is welcome.

Here's a detailed guide on how to screen applicants: Application Screening Guide

@Sandee SampsonA construction attorney would be who to contact but you are going to spend a lot more than $7000 in getting this resolved against a builder.Also let’s say you win, the courts could also say you didn’t pay for a retaining wall which is needed so it’s a betterment to the property so you would still need to pay for the wall and they would be responsible for some soil etc.

Hello @Audrey Scott,You did not specify this in your post, but I'll assume that you want to buy an investment property.

Purchased this one by myself - 80% LTV.

I am looking for any tools or tips to get started, I have been in vehicles sales for over ten years and was a mortgage banker at Rocket Mortgage for 3 years before coming back to manage the dealership I started my career at.

(We're using it for a downpayment + rehab for an investment property).The tech issues with the bank have made this a terrible, horrible slog.