OK quick advice so I'm refinancing my duplex I've only owned it for almost one year, The real estate market is hot out here in North Idaho the home gotta appraised for 100 K more than purchase price They only give you 80% of the appraised value with a cash out refi , I was hoping for more but they're only willing to give me 17k at the closing table, It will raise my mortgage $200 monthly from 1880 to 2080 Since I'm house hacking The $1400 for rent on the other side supplements my income Which leaves me not having to pay too much to cover the paymentI've been going back-and-forth, but I really need to pay off $17000 of credit card debt It will raise my credit score significantly at least and then I'm thinking 6 more months down the road I can move it to a conventional loan or take a take advantage of FHA Program that lowers my interest rate if I have a good credit score to lower my payment right back downMy credit card bills amounts to 490 monthly( This is just the minimum payments) If I do Go through and take this to the closing table I will be saving $300 a month instantly By having to not send out 490 monthly in cc bills although my mortgage will go up $200 should I go through with it or try to plug away at the cc debt for the next year !?

To supplement my W-2 income and ultimately carve a path to financial freedom.

Hey allHas anyone successfully moved away from (or at least supplemented) the standard % fee for property managers in favor of bonuses and incentives that align the interests of the landlord and property managers?

A good video surveillance system supplements human guards to be more impactful—but cost-effectively.

I get a lot of free education too, but as supplemental education...not as the core. 

Do you need the cash flow now to supplement your income or are you looking for more of an appreciation play?

If you have a below market rent for a good tenant, but have to place a new tenant that inherits the rent base of the existing tenant then you are supplementing a new tenant of unknown quality.In part due to rent control, reduced rents even on non-commercial MF (4 units and less) does affect the value of the property if you need to exit for any reason. 

Here is my plan: - Purchase a distressed SFH using a conventional loan (5% down)- Live in that property for 6-12 months while rehabbing it- Cash our refinance - Purchase another SFH as my new primary residence and plan to live there for 3-5 years- Rent out the initial SFH and cashflow a reasonable amount - Continue to save money from working + build equity in the initial SFH- Leverage a 1031 exchange to sell the initial SFH for a distressed multi-family property (using my own savings to supplement the down payment)- BRRRR that multi-family property and keep repeating from there Here are my questions:1) Would I be better off forgoing the two SFHs altogether, and continuing to rent an apartment until I have enough money saved up to buy a multi-family property as my first investment? 

Hello,I had a tenant last winter and the heat in his unit was supplemented by the unit above him.It gets really cold down there in winter but he chose not to have free heat and sealed the vents tightly with an aluminum foil without  letting me know , I could have easily adjusted the thermostat to lower  per his needs if he had told me and supplemented my apartment above with any additional heat but he chose to seal without letting me know inspite of my warning later on and obviously it can have detrimental effect on the tubing inside the walls due to excess pressure build up.He also complained about high electricity Bill's (obviously he would incur high utility bills when he turns on his electric radiator without using the free heat he was getting) I ended up having an oversight from my end as I did not verify if sealing vent caused any damage . 

Fannie Mae loves there is this opportunity for the borrower to supplement their ability to repay the mortgage.